The fight between Carl Icahn and eBay (EBAY +0.36%) over whether or not it would spin off its PayPal business is officially over. PayPal will remain a part of eBay, but the company has named the former CEO of AT&T, David Dorman, to its board of directors, a move which satisfied Icahn.
In this segment from Thursday's Investor Beat, host Chris Hill and Motley Fool analyst David Hanson talk eBay, PayPal, and Carl Icahn. David notes how unusual it is for Icahn to back down from a position like this, and thinks eBay and its shareholders should be happy with the fact that this feud will now be out of the headlines.
