Arab Today, arab today ebay attacker icahn dead wrong about company
Last Updated : GMT 02:38:59
Arab Today, arab today
Arab Today, arab today

eBay: Attacker Icahn dead wrong about company

Arab Today, arab today

Arab Today, arab today eBay: Attacker Icahn dead wrong about company

New York - AFP

EBay accused Wall Street activist Carl Icahn of playing with the truth Wednesday as it defended itself against a fresh assault on the company's directors. "Carl Icahn doesn't let the truth get in the way of a good story," the company said after Icahn repeated charges that eBay board member Marc Andreessen profited to the company's disadvantage when it sold subsidiary Skype to a  group of investors in 2009 for $1.9 billion. Icahn said the consortium, led by tech investor Silver Lake Partners and including an Andreessen company, later sold the Internet telephony service to Microsoft for $8.5 billion, "netting a $4 billion gain... that should have accrued to eBay stockholders." But eBay said the Silver Lake group's offer for Skype was the best of several bids, and that Andreessen had recused himself from talks on the deal. Moreover, eBay said, it had retained a 30 percent stake in Skype giving the company "a substantial gain" from the subsequent sale to Microsoft. "Mr. Icahn  seems to be deliberately disseminating claims that are dead wrong," eBay said in a statement. "While his letters and media interviews may be entertaining, they are not factually accurate." On Monday Icahn, one of Wall Street's most storied corporate raiders, accused eBay's board and chief executive of not serving its investors, and called on shareholders to elect two of his own men as directors. Wielding a 2.1 percent stake, Icahn's main goal was to force eBay to hive off payments unit PayPal, which he argued would allow it to grow and compete better in the online payments industry. But Icahn cited Andreessen's alleged self-interest in the Skype deal, and fellow director Scott Cook's close ties to PayPal rival Intuit. Repeating those charges Wednesday, Icahn called the board "dysfunctional" and said in a statement: "Stockholders:  Please ask yourself: If you ran your own company, would you ever allow your competitors to sit at the table as you planned and executed your business strategy?" To that, eBay retorted: "We challenge Mr. Icahn to end his own charade with our shareholders. Let's focus on honest, accurate debate."

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ebay attacker icahn dead wrong about company Arab Today, arab today ebay attacker icahn dead wrong about company

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ebay attacker icahn dead wrong about company Arab Today, arab today ebay attacker icahn dead wrong about company

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israeli court convicts Palestinians of 2016

GMT 04:39 2017 Tuesday ,17 October

Israeli court convicts Palestinians of 2016
Arab Today, arab today Iran's Facebook shuts down

GMT 23:50 2017 Monday ,16 October

Iran's Facebook shuts down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Anoshka happy for reactions to her talk show

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:55 2017 Thursday ,12 October

Safaa Sultan happy for “Love School”

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:25 2017 Saturday ,14 October

Squeeze on UK health gives advanced

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday