Ecommerce giant eBay has confirmed that it’s carrying out an operational review of its business, a little more than a month after activist eBay investor Elliott Management formally asked the company to consider spinning out two of its units.
As part of the review, which will be led by the company’s management team and board of directors, eBay said it will “target operational excellence” and build on its recently announced restructuring.
This includes bringing its various global marketplaces under the same leadership.
More specifically, eBay confirmed that it will kickstart a strategic review of its various assets — including, but not limited to — its ticket marketplace StubHub and the eBay Classifieds Group.
“Over the course of the last two months, we’ve met with a number of shareholders to understand their views,” eBay president and CEO Devin Wenig stated.
“The bottom line is that we all share common ground.