THIS IS WHY EBAY STOCK WENT UP, THIS COULD BE INTERESTING

izzame
Community Member

From CBC Business News

NYSE owner reportedly bids to buy eBay for $30B

Online marketplace has faced pressure to unlock value for shareholders

The owner of the New York Stock Exchange has made an offer to buy online marketplace eBay Inc., the Wall Street Journal reported Tuesday.

The Journal said International Exchange Inc. is valuing eBay at more than $30 billion US, compared to eBay's value of around $28 billion US before the report.

The newspaper cited people familiar with the matter who were not named.

Atlanta-based Intercontinental Exchange, better known as ICE, declined to comment on the report. EBay did not immediately respond to request for comment.

Activist shareholders have been pushing eBay to make some significant strategic changes, including selling off its ownership of online ticket resale site StubHub.

Shares in EBay, which is based in San Jose, California, were up more than 7 per cent in afternoon trading. ICE's shares slumped more than 5 per cent.

 
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THIS IS WHY EBAY STOCK WENT UP, THIS COULD BE INTERESTING

izzame
Community Member

And of course we have this

https://www.ecommercebytes.com/2020/02/04/starboard-to-ebay-sell-classifieds-cut-marketplace-costs/

 

and ebay's response to above, sounds like a long winded version of " we hear you and are working hard to fix it"

https://www.ecommercebytes.com/2020/02/04/ebay-responds-to-starboard-critique-committed-to-driving-v...

 

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