A parcel in eBay Inc. packaging is seen on a conveyor belt with other small parcels at the United States Postal Service sorting center in Louisville, Kentucky, on Jan. 13, 2017. MUST CREDIT: Bloomberg photo by Luke Sharrett.

eBay rethinking future of StubHub and classified business

eBay Inc. is also adding Jesse Cohn of Elliott and Matt Murphy of Marvell Technology to its board

eBay is considering the future of its StubHub and its classified ads business.

The e-commerce company said Friday that it’s initiating a strategic review, but there’s no guarantee that it will result in a sale, spin-off or other business combination.

Activist investor Elliott Management said in a letter to the San Jose, California, company in January that it believed it would be better off without those businesses. Elliott wants eBay to focus on its online marketplace, saying that the change in direction could double the company’s stock price by the end of next year.

eBay Inc. is also adding Jesse Cohn of Elliott and Matt Murphy of Marvell Technology to its board. The company will add an independent director later in the year.

The Associated Press

Like us on Facebook and follow us on Twitter.

Just Posted

Parksville council members vote themselves a hike in pay

Mayor goes from $40.9K to $52.5K and councillors from $16.9K to $30K

Multi-use village green space proposed for Qualicum Beach

Early development plans see a gathering space at the old bus garage site

UPDATE: City of Parksville buys 222 Corfield site

With the purchase, the city will not facilitate cold-weather shelter on property

Thirty trees destroyed in Parksville’s Cedar Ridge Estates

Damage estimated at $30K; city says vandals intended to permanently ruin the trees

600 new campsites coming to provincial parks and recreation sites across B.C.

Tourism Minister announced half of the new spots to 13 most popular provincial parks

So, do you know ‘Dave from Vancouver Island’?

Ontario man searching for fellow he travelled with in Europe 50 years ago

Parksville mom who lost son to brain tumour joins 24th annual walk

Brain Tumour Walk takes place at the University of Victoria on Sunday, May 26

Raptors beat Bucks 105-99 to move within 1 game of NBA Finals

Leonard scores 35 as Toronto takes 3-2 series lead over Milwaukee

B.C. Supreme Court dismisses review around ferry workers’ right to strike

B.C. Ferry and Marine Workers’ Union collective agreement expires November 2020

Municipalities protest after B.C. declares marijuana crops ‘farm use’

UBCM president seeks answers in letter to John Horgan government

CMHC defends mortgage stress test changes amid calls for loosening rules

Uninsured borrowers must now show they could service their mortgage if rates rose two per cent

B.C. woman left ‘black and blue’ after being pushed off 40-foot cliff at lake

West Shore RCMP looking for witnesses as investigation continues

Thunderstorms to bring heavy rain, risk of flash floods in the southern Interior

Ten to 30 millimetres of rain to fall over the early weekend

Most Read