BREAKING NEWS

BREAKING NEWS

Elliott urges eBay to restructure business to double market value

Elliott urges eBay to restructure business to double market value
@ Copyright :
THOMAS WHITE(Reuters)
Text size Aa Aa

(Reuters) - 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.

(Reporting by Vibhuti Sharma in Bengaluru; Editing by Maju Samuel)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.