On January 22, 2019, eBay Inc. announced that it has issued the statement regarding the letter released by Elliott Management Corporation to the Company's Board of Directors. Further, the Company stated that the Company’s Board and leadership team regularly engage with its shareholders and value their input. In addition, the Company stated that it is focused on delivering value to its shareholders, customers and employees by driving the best choice, the most relevance and the most powerful selling platform to deliver growth. Accordingly, the Company appreciate Elliott's recognition of the strength and power of the Company's business and will carefully review and evaluate Elliott’s proposals.