EBay is reporting higher earnings and revenue for the last three months of 2013, driven by a strong holiday season for its e-commerce site and PayPal.
The company also says it has received a notice from activist investor Carl Icahn seeking a spinoff of PayPal. But eBay says it has looked into that and does not believe it is best for shareholders.
EBay Inc said on Wednesday that it earned USD850 million, or 65 US cents per share, in the October-December period. That’s up 13 percent from USD751 million, or 57 US cents per share, a year earlier.
(Source: The Sydney Morning Herald Online )