With the last bids due in early July for eBay Inc.’s classified advertising business, private equity companies seeking to win the auction could arrange for as much as $2.6 billion worth of debt to finance the transaction. Those who are left taking part in the...
A new suitor has emerged for eBay Inc.’s classified advertising business, the Financial Times reported. Axel Springer, the German-based digital publishing house that is backed by KKR & Co., a global investment firm with offices in New York, has submitted an initial bid for the eBay...
There was plenty of boardroom drama on Thursday (March 19) between eBay and activist investor Starboard Value. The day started with Starboard nominating four new directors to eBay’s board, along with its a demand to find a new CEO. It ended with eBay firing back...
As eBay seeks to right its ship with its search for new leaders, as well as new revenue from its recent sale of StubHub (and perhaps even the sale of its classifieds unit or other assets), the online marketplace operator reported an earnings slide for the...
September 26, 2019
In the “week of the CEO resignation,” eBay’s Devin Wenig is out, amid clashes with activist investors and the board. Amid slowing sales and rougher competition from Amazon and others, will the ouster be a boon or bust for the eCommerce giant?
November 14, 2024
Meta said Thursday (Nov. 14) that it will appeal the European Commission’s (EC) decision in a case alleging practices involving Facebook and Facebook Marketplace that cause competitive harm. The EC announced Wednesday (Nov. 13) that it fined Meta 797.72 million euros (about $842 million), saying the company violated European Union (EU) antitrust rules by tying Facebook Marketplace to Facebook. […]
June 24, 2020
With the last bids due in early July for eBay Inc.’s classified advertising business, private equity companies seeking to win the auction could arrange for as much as $2.6 billion...
May 22, 2020
A new suitor has emerged for eBay Inc.’s classified advertising business, the Financial Times reported. Axel Springer, the German-based digital publishing house that is backed by KKR & Co., a global...
November 16, 2015
VarageSale, a community-focused classifieds app, announced late last week that it will provide its customers with a new digital way to pay rather than having to rely on paying cash...
