logo
Plus   Neg
Share
Email

Adevinta To Buy EBay Classifieds Group For About $9.2 Bln - Quick Facts

eBay Inc. (EBAY) and Adevinta ASA entered into a definitive agreement for eBay to transfer its Classifieds business to Adevinta for a total consideration valued at about $9.2 billion.

As part of the deal, eBay would receive $2.5 billion in cash and about 540 million Adevinta shares, which would represent an equity stake of about 44% based on the number of Adevinta's outstanding shares, as of the end of the second quarter, and a ~33.3% voting stake.

Related to the transaction, Schibsted has agreed with Adevinta to acquire eBay Classifieds' Danish entity and therefore leading marketplaces in Denmark, DBA.dk and Bilbasen.dk, once the transaction between eBay and Adevinta closes.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The European Commission said Friday that it has signed a deal with Sanofi and GlaxoSmithKline to secure up to 300 million doses of their potential COVID-19 vaccine. Acella Pharmaceuticals recalled certain lots of hypothyroidism medication NP Thyroid in the form of tablets due to super potency, the U.S. Food and Drug Administration said in a statement. The company is recalling one lot of 15mg and one lot of 120mg of NP Thyroid that are packaged in 100 count bottles in strengths of 15 mg, and 120 mg, with expiration dates between October 2020 and November 2020. Walmart announced its decision to raise wages for around 165,000 hourly associates across all its U.S. stores starting October, and introduce a team-based operating model in Supercenters. In a tweet, the retail giant said, "Today we're introducing new leadership roles and cross-training opportunities, giving our associates more ways to grow their careers."
Follow RTT