eBay Inc. (Nasdaq: EBAY), a leading global commerce entity, announced a substantial agreement to sell approximately 125 million shares of its stake in Adevinta to investment firm Permira. The deal, estimated at a total consideration of $2.25 billion, represents a notable shift in eBay’s investment portfolio. This transaction is set at an approximate 7% discount […]
US e-commerce company eBay has agreed to sell its classifieds business to Norwegian online marketplace Adevinta in a cash-cum-stock deal valued about $9.2 billion. Adevinta, which is an online classifieds specialist, currently operates across 15 countries, with a portfolio comprising 35 digital products and websites. eBay’s classifieds platforms include a collection of 12 brands across […]
