Ebay has expanded its share buyback plan by $3 billion (£2.3 billion) while raising its outlook for current quarter as it closed its sale of StubHub.
StubHub’s sale to rival ticket platform Viagogo for $4.05 billion (£3.15 billion) has now been completed, marking an end to months of pressure on Ebay to offload the business.
This has in turn led Ebay to raise its forecast for both its current quarter and the full year, sending its shares rising 2.4 per cent.
