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Goldman Sachs Said to Advise EBay as Icahn Intensifies Campaign

Goldman Sachs Group Inc. is working for EBay Inc. as it faces calls from Carl Icahn to split off its PayPal unit, people with knowledge of the matter said, the investment bank’s latest assignment with a technology company facing an activist investor.

Goldman Sachs is a long-time adviser to EBay on a number of issues, Amanda Miller, spokeswoman for the online marketplace, said while declining to discuss the specifics of the bank’s current role regarding Icahn’s efforts. “We did not engage them specifically for this matter,” she said.