Andreessen quits EBay board

San Jose, Calif. –- Venture capitalist Marc Andreessen is resigning from the EBay Inc. board of directors. Following the board’s recent decision to separate eBay and PayPal into independent, publicly traded companies in the second half of 2015, Andreessen, who joined the board in 2008, said that now is the right time to step down.



Andreessen had been involved in public disputes with activist investor Carl Icahn, who successfully pushed for the splitting of EBay and PayPal into two companies. Icahn had accused Andreesen of having a conflict of interest in EBay’s sale of Skype to a company his private equity firm had invested in, as well as of investing in direct EBay competitors. Andreessen maintained that he had always been transparent about all of his business dealings.