Photographer: David Paul Morris/Bloomberg BLOOMBERG NEWSOn November 25, eBay Inc (NASDAQ: EBAY, $35.52, Market Capitalization: $28.9 billion) announced that the Company has entered into a definitive agreement to sell its StubHub (online ticket exchange business) to viagogo for a cash purchase price of $4.05 billion. In our previous Potential Spin report dated January 30, we had outlined that the activist Investors are urging eBay (EBAY) to separate StubHub and Classifieds Businesses. Key Data Spin-Off ResearchCompany DescriptioneBay Inc (Parent)Founded in 1995 in San Jose, California, eBay Inc. (NASDAQ: EBAY) is a global commerce leader which includes Marketplace, StubHub and Classifieds platforms. StubHub platforms include online ticket platform located at www.stubhub.com, its localized counterparts, and the StubHub mobile apps. Classifieds (Spin-Off)A world leader in online classifieds, eBay Classifieds helps people to list their products and services, generally for free; find whatever they are looking for in their local communities and trade at a local level.

Source: Forbes December 02, 2019 15:56 UTC