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‘Urgent Changes’ Needed at eBay as Value of Online Marketplace Declines

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Elliott Management Corp. sent a letter to the board of EBay Inc. outlining steps it says are “urgently needed” to boost the value of the online marketplace. Elliott, which owns more than 4 percent of EBay, proposed a five-step plan that involves reviewing EBay’s portfolio of companies, including StubHub, revitalizing the company’s Marketplace, which Elliott…

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