Young Journalists Club | Latest news of Iran and world

News ID: 34413
Publish Date: 17:19 - 22 January 2019
TEHRAN, Jan 22 -EBay Inc (EBAY.O) shareholder Elliott Management Corp on Tuesday urged the e-commerce platform to restructure its business and sell some businesses .

Elliott urges eBay to restructure business to double market valueTEHRAN, Young Journalists Club (YJC)-EBay Inc (EBAY.O) shareholder Elliott Management Corp on Tuesday urged the e-commerce platform to restructure its business and sell some businesses to double its market value in the next two years.

Elliott, which owns a more than 4 percent stake in eBay, said the company could be valued at about $55-$63 per share in 2020.

The company’s shares were up 10.5 percent at $34.24 before the bell.

Source: Reuters

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