EBay Inc has informed Elliott Management Corp it is willing to explore shedding ...
FILE PHOTO: An eBay sign is seen at an office building in San Jose, California May 28, 2014. REUTERS/Beck Diefenbach
The U.S. e-commerce company, whose shares have dropped 15 percent in the last 12 months, has offered to explore options for its StubHub ticket sales business and eBay Classifieds Group, including a sale, as Elliott has called for, the sources said. Another activist hedge fund in eBay’s stock, Starboard Value LP, is in talks to also drop any threat of a proxy contest, but is not discussing any board representation and is not teamed up with Elliott in its efforts, according to one of the sources.
EBay this month announced a restructuring plan that will unite geographic regions under a global segment and said that a senior executive, Scott Cutler, will leave.
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