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.

Just Posted

Around $13.6 million of capital projects have been completed or committed in the 108 Mile Ranch area

A string of announcements was made at the 108 Mile Golf Resort for the near future of the community

B.C. firefighters being deployed to Northern Alberta

The Chuckegg Creek fire has been burning for several days and thousands of people have been told to evacuate

Did you stay around 100 Mile House for the May Long Weekend?

Did you stay around 100 Mile House for the May Long Weekend?… Continue reading

On a journey with Forest Grove artist Neil Pinkett

Art by Neil Pinkett will be on display at Parkside Art Gallery from May 17 - June 15

South Green Lake VFD busy with live fire training, runaway grass fire and garage sale

SGLVFD busy with live fire training, runaway grass fire and May 19… Continue reading

Killer of Calgary mother, daughter gets no parole for 50 years

A jury found Edward Downey guilty last year in the deaths of Sara Baillie, 34, and five-year-old Taliyah Marsman

Crackdown on money laundering does not include federal public inquiry: minister

An independent report commissioned concluded $7.4 billion was laundered in B.C. last year

Trudeau’s action plan on climate change brings B.C. politician out of retirement

Terry Lake, a former B.C. health minister, is running for federal office in Kamloops-Thompson-Cariboo

Survey finds minimal progress in Canadian military’s fight against sexual misconduct

1.6 per cent of regular-force members — 900 military personnel — reported having been victims of sexual assaults over past year

Raptors beat Bucks 120-102 to even series at 2-2

Lowry pours in 25 as Toronto moves within two games of NBA Finals

Body of missing snowmobiler recovered from Great Slave Lake

Police confirm the body is that of one of three missing snowmobilers

Toddler seriously injured after falling from Okanagan balcony

RCMP are investigating after a two-year-old boy fell from the balcony of an apartment in Kelowna

Cost jumps 35% for Trans-Canada Highway widening in B.C.

Revelstoke-area stretch first awarded under new union deal

Is vegan food a human right? Ontario firefighter battling B.C. blaze argues it is

Adam Knauff says he had to go hungry some days because there was no vegan food

Most Read