SAN JOSE, Calif., Jan. 19, 2021 /PRNewswire/ -- eBay Inc.
(Nasdaq: EBAY), a global commerce leader that connects millions of
buyers and sellers around the world, today issued the following
statement regarding plans for its business in Korea.
eBay has initiated a process to explore, review, and evaluate a
range of strategic alternatives for its Korea business. The company
is considering options that would maximize value for its
shareholders and create future growth opportunities for the
business.
eBay does not intend on making further public announcements
regarding the strategic review unless and until the Board has
approved a course of action requiring disclosure.
About eBay
eBay Inc. (Nasdaq: EBAY) is a global commerce leader that
connects millions of buyers and sellers in 190 markets around the
world. We exist to enable economic opportunity for individuals,
entrepreneurs, businesses and organizations of all sizes. Founded
in 1995 in San Jose, California,
eBay is one of the world's largest and most vibrant marketplaces
for discovering great value and unique selection. In 2019, eBay
enabled $86 billion of gross
merchandise volume. For more information about the company and its
global portfolio of online brands, visit www.ebayinc.com.
Forward-Looking Statements
This communication contains forward-looking statements relating
to, among other things, the future performance of eBay Inc. and its
consolidated subsidiaries and the strategic review referred to in
this release. These statements are based on eBay's current
expectations, forecasts and assumptions and involve risks and
uncertainties, including as to the outcome of the strategic review.
Actual results could differ materially from those predicted or
implied in this communication for a variety of reasons. You can
find more information about risks, uncertainties and other factors
that could affect our operating results in our most recent Annual
Report on Form 10-K and subsequent quarterly reports on Form 10-Q,
copies of which may be obtained by visiting eBay's Investor
Relations website at https://investors.ebayinc.com or the SEC's
website at www.sec.gov. You should not rely on any
forward-looking statements. All information in this communication
is as of January 19, 2021, and we do
not intend and undertake no duty to update this information.
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SOURCE eBay Inc.