Wachtell, Lipton, Rosen & Katz is advising eBay on plans to spin off its payments system PayPal into its own independent, publicly traded company.
October 01, 2014 at 07:06 PM
1 minute read
The original version of this story was published on Legalweek
Wachtell, Lipton, Rosen & Katz is advising eBay on plans to spin off its payments system PayPal into its own independent, publicly traded company.
The eBay board had resisted a call made earlier this year by activist investor Carl Icahn to sell the unit, where revenues are growing at almost 20% annually, double the rate of eBay’s growth.
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