Shareholders are growing impatient with eBay’s sluggish sales and are looking for ways to extract what value remains. In a letter sent to the online marketplace’s board of directors last month, the Journal reported that Elliott disclosed its more than 4% stake in the company and urged it to spin off Stubhub and its classified-ads unit. Investors like Starboard have also previously encouraged similar moves, eyeing the billions it has said could be gained from a sale.
