EBay in discussions with multiple parties for sale of classified business

(Reuters) - EBay Inc is in discussions with multiple candidates regarding a potential transaction for its classified-ads business, the company said on Friday. The company expects to provide an update regarding the process by the middle of 2019, it said in a statement.Earlier on Friday, the Wall Street Journal reported eBay is reaching out to potential buyers to sell its classified-ads business, which could be worth roughly $10 billion.Activist shareholder Starboard had sent a letter to eBay's..