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

WATCH: Jordan now a key member on staff at Parksville business

Disability Awareness Month celebrated around province

RDN wants to play role in Ballenas track upgrade

Bringing dilapidated facility up to standard could cost close to $1M

Qualicum Beach joins in on global climate strike

Participants urge government to adequately address climate crisis

Coombs athlete, 91, brings home five gold medals from 55+ BC Games

Buschhaus now has 217 career senior games medals

Parksville-area thieves target catalytic converters

RCMP: ‘We’re getting the same thing in terms of theft of gas’

VIDEO: Grizzly bears fight along northern B.C. highway in rare footage

Cari McGillivray posted the head-turning video, shot near Stewart, B.C., to social media

Handgun crackdown, health spending and transit plans latest campaign promises

Friday was the end of a busy week on the campaign trail

B.C. woman photographs massive ant swarm on Abbotsford driveway

She asked what the ants were doing? The answer: war

Iconic 90s TV show ‘Friends’ celebrates 25th anniversary

The iconic, decade-long television show aired its first episode 25 years ago today

Police arrest B.C. phone scammer linked to illegal call centres in India

Person arrested in Burnaby here on a work visa, says police

Air Canada forced girl, 12, to remove hijab: civil rights group

The San Francisco Bay Area office of the Council on American-Islamic Relations calling for change

Man from Winnipeg who was hiking alone found dead in Banff National Park

RCMP say the man was hiking alone on Mount Temple Thursday

Takaya, B.C.’s intriguing lone wolf, seen eating seal and howling away on Discovery Island

Fun facts about Takaya the wolf, like his a 36-hour tour around Chatham, Discovery Islands

Most Read