Marc Andreessen quits eBay board ahead of PayPal spinoff


  • TECH
  • Tuesday, 21 Oct 2014

ANDREESSEN BAILS: The entrance of eBay headquarters in San Jose, California. US online auction giant eBay

REUTERS - Venture capitalist Marc Andreessen said he was quitting EBay Inc's board following the online retailer's decision last month to spin off its electronic payment unit, PayPal.

The Silicon Valley pioneer has been involved in a public war of words with activist investor Carl Icahn, one of eBay's largest shareholders, who convinced the company to spin off PayPal after a long campaign.

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