EBay Is Expected to Give Activist Shareholders at Least 2 Board Seats

The settlement deal eBay Inc. is nearing with shareholders Elliott Management Corp. and Starboard Value LP would give the activist investors one board seat each and could give them input on another seat in the future, according to people familiar with the matter.

Elliott partner Jesse Cohn, who runs the hedge fund’s U.S. equity activism practice, is expected to join the board of the online marketplace as part of the deal, the people said. The other new director is expected to be a nominee of Starboard’s but not an employee…


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