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TEHRAN, Jan 22 -EBay Inc (EBAY.O) shareholder Elliott Management Corp on Tuesday urged the e-commerce platform to restructure its business and sell some businesses .
TEHRAN, Young Journalists Club (YJC)-EBay Inc (EBAY.O) shareholder Elliott Management Corp on Tuesday urged the e-commerce platform to restructure its business and sell some businesses to double its market value in the next two years.
Elliott, which owns a more than 4 percent stake in eBay, said the company could be valued at about $55-$63 per share in 2020.
The company’s shares were up 10.5 percent at $34.24 before the bell.
Source: Reuters
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