EBay is in talks with several candidates for a potential sale of its classified-ads business.
EBay expects an update regarding this process by mid-2019.
On Friday, it was reported that eBay has been reaching out to potential buyers for the sale of its classified-ads business.
The business may be worth roughly $10 billion.
Activist shareholder Starboard approached the eBay board with a letter saying that eBay has not made adequate progress on its plan to be taking the step of separating its classifieds business.
(Photos syndicated via Reuters)
This story has been edited by BH staff and is published from a syndicated field.