EBay Inc on Friday announced a review of its StubHub and eBay Classifieds busine...
- EBay Inc on Friday announced a review of its StubHub and eBay Classifieds businesses and said it would appoint two new directors to its board, as part of an agreement with activist investors to avert a proxy contest.
The hedge funds had been pushing eBay to improve profitability through a wide-ranging review. While eBay’s review does involve exploring options for parts of its portfolio, it does not involve considering selling the whole of eBay or its core Marketplace business, according to people familiar with the talks.
“Over the course of the last two months, we’ve met with a number of shareholders to understand their views,” eBay Chief Executive Officer Devin Wenig said in a statement, adding that the discussions have been constructive.
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