Icahn Keeps Hold of PayPal as He Sells Out of Former Parent EBay

  • Activist investor stays busy with AIG stake, Freeport-McMoRan
  • Icahn agitated for PayPal spinoff, which began trading July

Options Update: How to Play PayPal

Icahn Associates Corp., the fund run by billionaire activist investor Carl Icahn, sold its remaining EBay Inc. stake at the same time as it reported a 3.8 percent holding in the Internet auction company’s spun off payments unit PayPal Holdings Inc.

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