New York: 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 per cent holding in the internet auction company’s spun off payments unit PayPal Holdings Inc. The New York-based fund in the third quarter bought about 1.36 million shares of insurer American International Group Inc. and held 8.8 per cent of Freeport-McMoRan Inc, according to a filing on Monday with the US Securities and Exchange Commission. Both investments were earlier made public. Icahn led a lengthy fight at EBay, agitating for the company to spin off PayPal, which it eventually agreed to do.
Icahn sells remaining eBay stake
Keeps hold of PayPal as he sells out of former parent eBay