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 man ‘parks’ horse during liquor store pit stop

As long as animal wasn’t jaywalking, no problem, says city official

Parksville roundtable highlights need for affordable housing, recreation

Mayor Ed Mayne held facilitated event in January to hear visions for city, council

Second delivery of building units for 222 Corfield in Parksville arrives March 21

Vehicles should expect intermittent single-lane alternating traffic

Public input sought on proposed cannabis retail store in Coombs

Application to be reviewed by Regional District of Nanaimo

Two nature-inspired artists display oil paintings at Qualicum gallery

Judy Maxwell and Lloyd Major depict scenes of wildlife, landscapes and the west coast

Five highlights in the 2019 federal budget

Latest budget includes a sprinkling of money for voters across a wide spectrum

Police lock down part of Okanagan city after ‘live grenade’ discovered

An ordnance believed to be a grenade found on Smith Drive between Dairy Queen and Anchor Inn Pub

Dutch police question new suspect in deadly tram shooting

Police are looking for additional suspects in the shooting

Starbucks to test recyclable cups, redesign stores in B.C., U.S. cities

The company also said it plans to redesign its stores as it adapts to increasing mobile pick-up and delivery orders

In pre-election budget, Liberals boost infrastructure cash to cities, broadband

The budget document says the Liberals have approved more than 33,000 projects, worth about $19.9 billion in federal financing

‘That’s a load of crap’: Dog poop conspiracy spreads in White Rock

Allegation picked up steam through a Facebook page run by a city councillor

Vancouver Island cougar might have been shot with bow-and-arrow

Conservation officer service looking for animal near Port Alice

Facebook to overhaul ad targeting to prevent discrimination

The company is also paying about $5 million to cover plaintiffs’ legal fees and other costs

B.C. mosque part of open-house effort launched in wake of New Zealand shootings

The ‘Visit a Mosque’ campaign aims to combat Islamophobia

Most Read