TagPaul Singer

EBay: Dramatic Housecleaning Ahead After Elliott Management Acquires $1.4 Billion Stake

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By CCN.com: There's a new sheriff in town at EBay after activist hedge fund Elliott Management acquired a 4% stake in the online retailer valued at $1.4 billion. In a letter to the company's board of directors, Elliott promised that dramatic major changes are ahead for the e-commerce giant. Elliott Management — the activist hedge fund founded by billionaire Paul Singer — made the announcement in...

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