New stakeholders plan to increase eBay share values by 2021

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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.