New stakeholders plan to increase eBay share values by 2021


Two investment firms have reportedly bought stakes in the online shopping site eBay (EBAY). Starboard and Elliott Management have each taken around 4% ownership, with the latter also releasing a letter to the e-commerce company’s Board of Directors. In it, they have outlined a plan to reach a share value of $55-63+ by 2021 as well as to target operational improvements, margin growth, spinoffs and possible value accretion.