Elliott pushes for changes at eBay

Elliott pushes for changes at eBay

Hedge funds Elliott Management and Starboard Value have taken stakes in eBay. Elliott has also asked eBay to hive off its StubHub ticket sales business and eBay Classifieds Group as part of a plan that could double the company’s value. Elliott said the company’s share price could reach $55-$63 by 2020 if it implemented the hedge fund’s restructuring plan.

KCooper
KCooper
Top in Business
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