Ebay explores potential StubHub sale

Ebay is reviewing the role and value of StubHub in a bid to “maximise shareholder value”, following advice from investors

News By | 18 July 2019

Ebay headquarters in San Jose, California © Ebay

E-commerce giant Ebay is believed to be moving forward with the potential sale of StubHub, with “multiple” parties showing interest, reports CNBC. Ebay, which bought StubHub for $310m in 2007, is reassessing its ownership of the resale marketplace following recommendations from investors.

“The company is actively reviewing the role and value of StubHub to determine the best path forward to maximise shareholder value,” an Ebay spokesperson tells IQ.

Activist hedge fund Elliott Management announced a US$1.4 billion stake in Ebay in…

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