Cal Icahn Backs off of Ebay for a PayPal Split and Tivo May be Threatened by Lobbying
eBay Inc. (NASDAQ: EBAY) – finally has Carl Icahn off their back as the billion investor couldn’t get the support from the e-commerce company's major shareholders. This put the end to a month’s long war where Icahn had accused eBay Chief Executive Officer John Donahoe of "inexcusable incompetence" and attacked the company's board repeatedly for shoddy governance. In an interview with Reuters, Icahn said he might add to his eBay holdings. He said while he supported a PayPal split in the near future, now was not the time.
eBay Inc. provides online platforms, tools, and services to help individuals and merchants in online and mobile commerce and payments in the United States and internationally. Its Marketplaces segment operates ecommerce platform eBay.com; vertical shopping sites, such as StubHub, Fashion, Motors, and Half.com; and classifieds Websites, including Den Blå Avis, BilBasen, Gumtree, Kijiji, LoQUo, Marktplaats.nl, mobile.de, Alamaula, eBay Anuncios, eBay Kleinanzeigen, and eBay Annunci, as well as provides advertising services.
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TiVo Inc. (NASDAQ: TIVO) says it could be threatened by Michael Powell, who was chief U.S. communications regulator in 2003, as he is now leading a lobbying campaign for cable providers led by Comcast Corp. (CMCSA). TIVO says this legislation could threaten its reign as the cult favorite for fast forwarding past commercials. "You cannot sell a consumer a retail device that doesn't get all the cable channels, no matter how good the device is," Matthew Zinn, general counsel of TiVo, said in an interview. "We would have to adjust. We might go into other businesses."
TiVo Inc. provides software, services, and technology that enable the distribution and management of video content through set-top boxes (STBs), and smartphones and tablets primarily in the United States. It offers whole-home solutions that include 4-Tuner and 6-Tuner digital video recorders (DVRs)/gateways, IP STBs, and streaming to mobile and tablet iOS devices with features, such as What to Watch Now, Season Pass recordings, integrated search, access to broadband video content, TiVo online/mobile scheduling, and applications on tablet computers and smartphones.
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