Deals
EBay Says It’s in Talks on Deal for Classifieds Business
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EBay Inc. said it’s in active talks with multiple parties about a potential transaction for its classified-ads business, responding to pressure from activist investors to improve its performance by focusing on its main online marketplace.
The San Jose, California-based company, which has been conducting a broader strategic review of its businesses, said it will have an update on the process by the middle of the year. Dow Jones reported earlier Friday that EBay was taking steps toward a sale of the classifieds unit.