Icahn says he is prepared for eBay proxy fight

Carl Icahn says he is prepared for a proxy fight to win two seats on the board of eBay Inc. and push the company to split off its PayPal unit. In an interview Thursday night, Mr. Icahn said he expects eBay to resist the proposal, as eBay executives and directors have done. "The company seems to be sort of dug in on the fact they don't want to do the PayPal spinoff," Mr. Icahn said. In the interview, he said an independent PayPal might be snapped up.

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