EBay in discussions with multiple parties for sale of classified business [Reuters (UK)]
eBay Inc. (EBAY)
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Source: Reuters
EBay in discussions with multiple parties for sale of classified business - Reuters 1 Min Read (Reuters) - EBay Inc ( EBAY.O ) is in discussions with multiple candidates regarding a potential transaction for its classified-ads business, the company said on Friday. The company expects to provide an update regarding the process by the middle of 2019, it said in a statement. Earlier on Friday, the Wall Street Journal reported eBay is reaching out to potential buyers to sell its classified-ads business, which could be worth roughly $10 billion. Activist shareholder Starboard had sent a letter to eBay’s board, saying the company has not made enough progress in its plan to separate its classifieds business. In March 2019, the company announced a strategic review of the classifieds-ads business and its StubHub ticketing unit Later, it agreed to sell StubHub to Viagogo Ltd for $4.05 billion. Reporting by Abhishek Manikandan in Bengaluru; Editing by Cynthia Osterman All quotes delayed a min
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EBAY
Earnings
- 2/27/24 - Beat
EBAY
Sec Filings
- 4/17/24 - Form 4
- 4/17/24 - Form 4
- 4/3/24 - Form 4
- EBAY's page on the SEC website