The following case study has the goal of studying the situation involving eBay, PayPal and Carl Icahn as of February 2014. The case focuses on the role of corporate governance issues and shareholder activism in the decision to spin-off a large and important business unit.
This case is intended for graduate courses (MBA and MSc) on Corporate Restructuring and the Divestments section of Applied Corporate Finance courses. It may also fit in the shareholder activism section of a Corporate Governance course.