Activist investor Carl Icahn has launched a campaign targeting eBay, demanding a spin-off of PayPal and major board changes. In a letter dated August 6, 2026, Icahn alleges conflicts of interest involving directors Scott Cook and Marc Andreessen, and questions the board's handling of the 2009 Skype sale. He is seeking two board seats and access to books and records related to that transaction. eBay founder Pierre Omidyar has rejected the claims and backed the current directors. The pressure comes as eBay recently reported second-quarter 2026 results, issued third-quarter guidance, and confirmed its regular dividend.
eBay IncActivist investor demands board overhaul and PayPal spin-off, creating uncertainty and potential strategic changes.
PayPal Holdings IncPotential spin-off from eBay could affect PayPal's structure and independence, but outcome uncertain.
