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How Carl Icahn Wins at Losing

EBay is ignoring the legendary investor’s demands. But as recent history proves, Icahn may well make money anyway.

News that eBay is planning to sell 20 percent of PayPal rather than extricate the online payment company from the parent altogether is yet another example of a technology company essentially blowing off Carl Icahn. EBay is the fourth tech or media giant in roughly 18 months to refuse to capitulate

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