Shulou(Shulou.com)05/31 Report--

EBay shares fell slightly after news that the e-commerce giant was pushing ahead with plans to sell StubHub, according to Consumer News and business channels.

Sources told David Faber of the Consumer News and Business Channel that Yibei was in early negotiations with several suitors who were interested in buying subsidiaries of the ticketing exchange.

On Wednesday morning, the news was initially close to 3%, but the recent trading price fell 0.3% to $39.79.

Yibei is under intense pressure to sell its marketing platform. Elliott Management won a $1.4 billion stake in eBay this year, and another active investor, Starboard value, has been speaking out. EBay has its own market and a set of mobile apps; of course, it has the StubHub platform and its mobile apps; its classified ad platforms include mobile.de, Kijiji, Gumtree, Marktplaats, eBay Kleinanzeigen and other brands. There are others.

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