[ad_1]
The hedge fund activist Elliott Management announced Tuesday a $ 1.4 billion stake in eBay in a letter to the board of directors of the e-commerce company.
Elliott also said that eBay should focus on "revitalizing the market," clean up "an inefficient organizational structure" and stabilize the company's leadership, which "recently experienced an alarming turnover rate".
The fund estimates that its "eBay enhancement plan" would almost double the value of eBay at $ 55 per share by the end of next year, even without divestment. StubHub activities and clbadifieds.
Elliot Management manages an badet of about $ 34 billion, according to the fund's website.
[ad_2]
Source link
