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eBay to announce plans for StubHub before end of January

By | Published on Monday 28 October 2019


eBay has announced plans to announce plans for what it plans to do with StubHub early next year. So, good news for fans of announcements and plans.

The company has been pondering selling its secondary ticketing business for much of this year. As part of the release of its Q3 results, eBay said that it would tell investors what decision it has made regarding the possible sell-off of StubHub, as well as its Classifieds business, before its Q4 results are published in January.

Speaking to investors last week, eBay’s interim CEO Scott Schenkel said: “We think [StubHub is] a wonderful asset that will continue to grow and has tons of opportunities, as a standalone [business] or as a part of our portfolio, and we will update you within the next three to four months as to the plans”.

It was in January this year that a number of eBay investors penned a letter to the company offering options to boost the company’s “floundering” stock price. This included offloading StubHub and Classifieds in order to focus on the core online auctions business. In March, eBay then announced a strategic review of its current assets, and in July it was reported that a number of potential buyers for StubHub had come forward.