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Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

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Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'

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Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
Financecarl icahn

Carl Icahn Swapped His eBay Stake For This Other Tech Company

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November 17, 2015, 12:20 PM ET
Photograph by Heidi Gutman — CNBC/NBCU Photo Bank via Getty Images

Billionaire activist investor Carl Icahn swapped his entire equity stake in eBay (EBAY) for the same number of shares in PayPal Holdings (PYPL) in the third quarter, regulatory filings showed on Monday.

The filings with the Securities and Exchange Commission showed that Icahn sold his stake of 46.3 million shares in eBay and reported the same number of shares in PayPal, which completed its spinoff from eBay in mid-July.

Icahn, whose PayPal stake as of Sept. 30 amounted to 3.8% of the company, had pushed for eBay to spin off PayPal last year and has board representation at PayPal through Icahn Capital managing director Jonathan Christodoro.

Icahn eventually backed off from his push for the spinoff in April of last year. But eBay directors and executives shifted their stance on the split in June of last year after a six-month internal study of the payments landscape.

Icahn, who is known for taking large stakes in companies and pushing for management change, also showed that he took a 1.36 million share stake in American International Group (ING) during the third quarter, ahead of publicly pressuring the insurer to split into three companies.

In a letter to AIG CEO Peter Hancock in late October, Icahn blasted AIG as “too big to succeed,” a riff on the popular “too big to fail” phrase that emerged from the financial crisis.

The size of Icahn’s AIG position had not been previously disclosed, and Icahn may have increased the stake by the time he tweeted that he owned a “large” position in the company on Oct. 28.

Icahn was not immediately available for comment.

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