Switch up: Icahn has shed his stake in online marketplace eBay, opting to put his money instead into recently spun-off PayPal, according to a regulatory filing.
NEW YORK: Billionaire activist investor Carl Icahn swapped his entire equity stake in eBay Inc for the same number of shares in PayPal Holdings Inc in the third quarter, regulatory filings showed on Nov 16.
The filings with the Securities and Exchange Commission showed that Icahn sold his stake of 46.3 million shares in eBay and reported the same number of shares in PayPal, which completed its spinoff from eBay in mid-July.
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