EBay looks to sell Korea business next

EBay looks to sell Korea business next
Added 5 months ago
Summary: EBay Inc. said late Tuesday it is looking into selling off its business in South Korea in another move to pare down its holdings. In a statement, the company...
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EBay Inc. EBAY, +2.81% said late Tuesday it is looking into selling off its business in South Korea in another move to pare down its holdings. In a statement, the company said it “has initiated a process to explore, review, and evaluate a range of strategic alternatives for its Korea business.” The company said it does not plan to make further announcements about the review until the board has approved a course of action needing disclosure. South Korea sales account for 11.3% of eBay’s revenue, according to FactSet data. In July, eBay sold its classifieds business to Adevinta for $9.2 billion, and completed its $4.1 billion sale of StubHub in February. Shares of eBay declined 0.2% after hours, following a 2.8% rise to close the regular session at $56.98.