It’s been a strange week for eBay. First Starboard Partners LP put eBay’s board under pressure again to sell the classifieds group and refocus on the core marketplace.
Then the WSJ reported that Intercontinental Exchange (ICE) was interested to take over eBay’s core marketplace for $30 billion.
Somehow both news items coming out on the same day seemed to suggest there was something going on behind the scenes.
However, today ICE pushed out a press release stating “Based on investor conversations following today’s ICE earnings call, ICE has decided to cease exploring strategic opportunities with eBay.”
And with that, it appears eBay’s tumultuous week is coming to end and investors appear equally resigned to this fact as eBay’s share price in after-hours took a plunge.
What are your thoughts on this week’s eBay soap opera?
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