Activist investor Carl Icahn has dropped his call for eBay Inc to split off its fast-growing PayPal payments unit but has suggested he would keep pressure on the e-commerce company.EBay said on Thursday that it had settled its proxy fight with the billionaire, who also withdrew his two nominees for the eBay board ahead of the company's annual shareholder meeting next month.In a concession to Icahn, eBay said it would add David Dorman, a founding partner of investment firm Centerview Capital Technology, as an independent director on its board.But Icahn, who in January called for hiving off PayPal before engaging in weeks-long war of words with eBay, indicated he had not given up on the idea.
eBay Inc., is a global technology company. The Company enables commerce through three reportable segments: Marketplaces, Payments, and GSI. Shares of EBAY fell by 2.88% or $-1.61/share to $54.28. In the past year, the shares have traded as low as $48.06 and as high as $59.70. On average, 13690300 shares of EBAY exchange hands on a given day and today's volume is recorded at 15011776.
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