Starboard pressures eBay to sell classifieds business

(Reuters) - Activist shareholder Starboard Value LP on Tuesday sent a letter to eBay Inc's board, saying the ecommerce company has not made enough progress in its plan to separate its classifieds business.EBay last year agreed to sell its ticketing unit, StubHub, for $4.05 billion in cash, under pressure from Starboard and Elliott Management Corp. The investors had also urged the company to sell eBay Classifieds Group as part of a plan that could double the company's value."In order to achieve..