EBay launches strategic review of business-unit portfolio, including StubHub
EBay Inc. shares EBAY, -0.77% rose 3% in premarket trade Friday, after the online market place said it is launching an operating review of its portfolio, including but not limited to StubHub and EBay Classifieds. The company has also entered cooperation agreements with activist shareholders Elliott Management and Starboard Value on the initiatives and will add two new independent directors to its board.
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