Hedge Funds Push for Overhaul at eBay

(Reuters) Hedge funds Elliott Management and Starboard Value have taken stakes in eBay Inc (EBAY.O) and are pushing for changes including the sale of some of the e-commerce company’s businesses. In a letter to the company’s board, Elliott asked eBay to hive off its StubHub ticket sales business and eBay Classifieds Group as part of a plan the hedge fund says could double the company’s value.

To read this article:

This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply