Devin Wenig, CEO of eBay at the 2018 WEF in Davos, Switzerland.
Adam Galica | CNBC
The sources said eBay is still early in the process, but note there are “multiple” parties interested in buying StubHub.
Shares of eBay jumped 2.8% on the news. The stock has been on a tear this year, rallying more than 45%. It is also outperforming the S&P 500, which is up 19% in 2019.
The news comes after eBay announced a strategic portfolio review on March 1.
The company has been under activist pressure this year after Elliott Management took a $1.4 billion stake in eBay. Starboard Value, another activist investor, has also taken a stake in the company.
EBay declined to comment. The company is scheduled to report quarterly earnings after the close Wednesday.