Icahn's stake in eBay almost 2%

|About: eBay Inc. (EBAY)|By:, SA News Editor

Carl Icahn's stake in eBay (EBAY) is almost 2%, Reuters reports, more than the 0.82% that the company disclosed this week.

Icahn has told the WSJ that he's prepared to fight a proxy battle in order to win two seats to eBay's board and force the company to spin off PayPal.

To Reuters, Icahn said he prefers a spin-off initially rather than a sale, which could come afterwards. "You do a spinoff tax-free," Icahn tells Reuters. "After that maybe it could potentially be sold at a great premium."