EBay is cutting 2,400 positions, buying back shares and entering into a standstill agreement with activist investor Carl Icahn as the company prepares to split its marketplace and payments businesses.
EBay also said it’s exploring options for its enterprise unit, including a sale or initial public offering, and is adding three new board members, including a representative for Icahn, who had pushed the company to split up.
Progress on chief executive John Donahoe’s plan...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team