HT TECH wants to start sending you push notifications. Click allow to subscribe

EBay plans to sell classified business, in discussions with multiple parties

In March 2019, the company announced a strategic review of the classifieds-ads business and its StubHub ticketing unit

By: REUTERS
Updated on: Aug 20 2022, 19:29 IST
EBay in discussions with multiple parties for sale of classified business (REUTERS)

EBay Inc is in discussions with multiple candidates regarding a potential transaction for its classified-ads business, the company said on Friday.

The company expects to provide an update regarding the process by the middle of 2019, it said in a statement.

You may be interested in

Mobiles Tablets Laptops

Earlier on Friday, the Wall Street Journal reported eBay is reaching out to potential buyers to sell its classified-ads business, which could be worth roughly $10 billion.

Also read: Looking for a smartphone? To check mobile finder click here.

ALSO READ: Google Cloud acquires IT company Cornerstone Technology

Activist shareholder Starboard had sent a letter to eBay's board, saying the company has not made enough progress in its plan to separate its classifieds business.

In March 2019, the company announced a strategic review of the classifieds-ads business and its StubHub ticketing unit

Later, it agreed to sell StubHub to Viagogo Ltd for $4.05 billion.

Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on ,Twitter, Facebook, , and Instagram. For our latest videos, subscribe to our YouTube channel.

First Published Date: 23 Feb, 15:10 IST
Tags: