Mark Andreessen

Asa Mathat

Mark Andreessen

Commerce


Last week, Carl Icahn called out eBay for declining his request to make public to shareholders all documents and records related to its 2009 sale of Skype.

Today, eBay told Re/code in a statement that it doesn’t believe Icahn has legal grounds for his request.

“We don’t believe he is legally entitled to what he has asked for,” the company said in a statement. “But we told him that we will give him relevant documents if he signs a customary and standard confidentiality agreement. We have not heard back from him. Relevant facts about the Skype transaction are publicly available on our website for everyone to see.”

Icahn did not immediately respond to a request for comment.

Icahn’s document requests are an attempt to back up his claims that eBay did not get the best deal possible for Skype, because it sold it to a syndicate of companies that included eBay board member Marc Andreessen’s venture capital firm. His end goals are to force two of his associates onto eBay’s board and then push hard for eBay to spin off PayPal, either by selling it or positioning it for its own IPO.

But it’s important to keep in mind that Icahn’s document demands are likely as much about painting a perception that eBay has something to hide as they are about really uncovering wrongdoing or corporate negligence.

EBay has maintained that its sale of Skype was the best available deal at the time.




4 comments
Seeker137
Seeker137

As 2.2% owner of eBay, Icahn is entitled to see the Skype sale documents. Icahn being denied access to these documents by ebay can be resolved by Icahn consulting federal, state and international agencies along with the ITU (International Telecommunications Union in Geneva) because of the telecommunications nature of the Skype company.

Seeker137
Seeker137

This is hardcore. They have to put up this front as they know Icahn smells a rat when it comes to eBay collusion. This is important to all eBay sellers/users, as Icahn may gain access to the fraud all of us have been dealing with the last 7 years. eBay is "the Enron of auction houses."  A house of cards. The dominoes are falling.

JMWJMW
JMWJMW

@Seeker137 what? Shareholders don't run their companies: the board of directors do.  Icahn is entitled to vote for directors at the company's annual meeting: that (and possible dividends, etc) are all that he is entitled to.  Nor is Skype under the jurisdiction of the ITU or a national telecommunications regulatory authority.  Your delusions are absurd.

JMWJMW
JMWJMW

@Seeker137 Icahn smells 9 or 10 rats for every one that is actually found.  He is incapable of running companies; he only runs his mouth.

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