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Icahn backs down from demand that eBay spin off PayPal

By Deepa Seetharaman, Phil Wahba and Nadia Damouni SAN FRANCISCO/NEW YORK (Reuters) - Carl Icahn backed off calls for eBay Inc to spin out its fast-growing PayPal payments unit on Thursday, after the billionaire investor failed to drum up support from the e-commerce company's major shareholders.

EBay asks shareholders to veto Icahn's PayPal spin-off proposal

(Reuters) - EBay Inc urged its shareholders to vote against activist investor Carl Icahn's proposal to spin off the e-commerce company's PayPal payments unit. Last week, Icahn asked eBay to sell 20 percent of the PayPal payments unit in an initial public offering, a change in tack from his previous call for a complete spin off. "Our shareholders and our customers are best served by keeping PayPal and eBay together," eBay's board said in a letter to shareholders.

EBay CEO sees Icahn getting louder, tells employees not to listen

SAN FRANCISCO (Reuters) - Carl Icahn's campaign to convince eBay Inc to spin off its PayPal payments service will intensify in the run-up to eBay's shareholders' meeting in May, eBay's chief executive said on Thursday, warning employees to ignore the "noise." EBay CEO John Donahoe and directors of the Internet retailer have traded barbs with Icahn on a near-daily basis since the activist investor first expressed his view that spinning off PayPal would create shareholder value.

EBay CEO's total compensation for 2013 sinks 53 per cent, performance-based bonus drops

EBay Inc. CEO John J. Donahoe's total compensation for 2013 plunged 53 per cent compared with 2012, when the e-commerce company gave its leader more than $23 million in stock awards. The San Jose, Calif., company, which is sparring with activist investor Carl Icahn over board seats and its future direction, also gave Donahoe, 53, and other executives a lower-than-targeted incentive payment earlier this year. It noted that eBay missed financial targets last year, according to a regulatory filing.

Icahn accuses eBay board members of conflicts of interest

By Nadia Damouni, Chris Peters and Phil Wahba (Reuters) - Billionaire investor Carl Icahn accused eBay Inc Chief Executive John Donahoe of failing to spot - or ignoring - conflicts of interest on the company's board and called again for the spinoff of its fast-growing PayPal division. Icahn, who also disclosed a 2.15 percent stake in the e-commerce giant on Monday, said in a letter to shareholders that two long-time board members, Marc Andreessen and Scott Cook, had business interests that directly competed with eBay.

EBay reliance on PayPal for growth lowers chances of spinoff

By Phil Wahba and Nadia Damouni NEW YORK (Reuters) - EBay Inc is fighting the proposal by activist investor Carl Icahn to spin off PayPal because it views the payments service as crucial to long-term growth prospects of the e-commerce company. The marketplaces business, eBay's biggest, is growing at a slower rate than both PayPal and eBay rival Inc. PayPal, estimated to be worth as much as $40 billion on its own, helps bolster eBay's share price.

EBay dismisses Icahn proposal to spin off Paypal

By Phil Wahba and Nadia Damouni (Reuters) - Carl Icahn has taken a stake in eBay Inc and is proposing a spin-off of the its fast-growing PayPal division, but the e-commerce giant rebuffed the overture, setting the stage for a potential battle with the activist investor. EBay, which bought PayPal for $1.5 billion in 2002 and has considered hiving off the multibillion-dollar payments service, argued on Wednesday that the business would lose synergies with the overall e-commerce business as an independent unit.

EBay expands same-day delivery service, adds curated content as it moves beyond auctions

NEW YORK, N.Y. - EBay is expanding its same-day delivery service to more locations and letting buyers and sellers create "collections" of products available on its site as it moves beyond its roots as an online auctioneer. EBay Inc. said Tuesday that it is expanding eBay Now to 25 markets by the end of 2014. The service is live now in Chicago and will go to Dallas later this year and to London in early 2014. To help advance the service, which promises delivery in as little as an hour, eBay says it has bought courier service startup Shutl for an undisclosed sum.

eBay launches Brazil fashion app

US online distributor eBay on Wednesday said it had launched a Portuguese-language version of its Moda fashion app in Brazil as the company aims to tap into Latin America´s largest economy. eBay revealed that Moda app would initially be available for iPhone and iPad users from the end of September in Apple's App Store. A version will thereafter be rolled out on the Android platform.

EBay expands same-day delivery, battles Amazon for local business

By Alistair Barr SAN FRANCISCO (Reuters) - EBay Inc unveiled an expansion of its eBay Now same-day delivery service on Monday as the company battles with rival Inc for dominance of the emerging online local commerce market. EBay Now, which delivers products from stores including Target, Walgreen and Best Buy in as little as an hour, was launched last year in San Francisco and San Jose, California and Manhattan, New York.
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