UPDATE 1-Icahn calls on eBay to sell 20 percent of PayPal in an IPO

Newswire

(Adds details on Icahn's arguments, background) By Phil Wahba March 19 (Reuters) - Activist investor Carl Icahn on Wednesday called on eBay Inc to sell 20 percent of its PayPal payments unit in an initial public offering, in his lattest missive to shareholders. Icahn in January called for eBay to hive off its fast growing PayPal business, arguing the unit is undervalued as part of eBay. EBay did not respond to a request for comment, but ...

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