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.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

LETTER: Teck was a threat to the environment

Stan Hutchison compared the tarsands mine to the advent of the computer industry

GoFundMe campaign raises close to $8,500 in two days for Pitt Meadows firefighter battling ALS

Rob Maclean, 51, was diagnosed with the degenerative disorder two weeks after his 51st birthday

Dead fish hauled to dump bothers environmentalist

Says Pitt Meadows pumps killing too many

UPDATE: Search ends for missing Maple Ridge boy

Daniel Gagnon, 12, has been missing since Feb. 23

Maple Ridge author shares four-year story of grief, hope

Nadine Sands tells how she found a new love while grieving the loss of her husband

Clothing, jewelry, purses: RCMP ask court about disposal of evidence in Robert Pickton case

Pickton was sentenced to life with no chance of parole for 25 years for the murders of six women

Ryan nets hat trick in return as Senators beat Canucks 5-2

Ottawa winger received assistance for admitted alcohol problem

Wet’suwet’en hereditary chiefs meet with provincial, federal ministers

Neither party speaking on the groundwork laid for tomorrow’s talks

Speaker ‘will not tolerate illegal activity’ on B.C. legislature grounds, says chief of staff

Chief of staff to the B.C. speaker Alan Mullen says situation with demonstrators appears ‘fluid’

MPs to examine privacy implications of facial-recognition technology used by RCMP

The MPs will look at how the technology affects the privacy, security and safety of children

Dates back to 2009: Calgary police lay charges in fraud involving semi-trucks

Three people from Calgary are facing charges that include fraud over $5,000

Aspiring entrepreneurs invited to pitch ideas at Dragons’ Den auditions

Abbotsford and Vancouver the only Lower Mainland try-out locations

Wet’suwet’en hereditary chiefs optimistic ahead of talks with feds, province

Discussions with provincial and federal governments expected to start later today

Most Read