Starboard Value announced that it sold 74% of its stake in an American multinational e-commerce corporation, eBay, during the second quarter when the activist investment firm ended its proxy fight following the hire of Jamie Iannone as the new CEO of the e-commerce company.
eBay profit-taking is picking up stream, raising odds for a pullback that could offer a lower-risk buying opportunity.
eBay Inc, an American multinational e-commerce corporation based in California, announced that it has agreed to sell its Classifieds ads business to Norway’s Adevinta for a total consideration value of $9.2 billion.