logo
  

CMA Says EBay-Adevinta ASA Deal Not To Be Referred To Phase 2 Probe

UK's Competition and Markets Authority or CMA announced Wednesday that it has accepted undertakings in lieu of reference to Phase 2 given by Adevinta ASA and eBay Inc. under section 73 of the Enterprise Act 2002.

The agency noted that the anticipated acquisition by Adevinta of eBay Classifieds Group from eBay, and eBay's acquisition of a minority stake in Adevinta ASA will not be referred to Phase 2.

The undertakings which have been signed by Adevinta and eBay will come into effect from this date.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
While reporting its financial results for the second quarter on Thursday, Kellogg Co. (K) reaffirmed its currency-neutral adjusted earnings growth guidance for the full year 2021. For fiscal 2021, the company now projects currency-neutral adjusted earnings per share growth of about 1 to 2 percent... Moderna Inc. (MRNA) reported a profit for the second quarter compared to a loss in the previous year, reflecting surging revenues on commercial sales of the company's COVID-19 vaccine in the U.S. Quarterly earnings per share and revenues topped analysts' expectations. The company raised its 2021 sales forecast for its COVID-19 vaccine. New Widetech has recalled dehumidifiers sold under various brand names citing fire and burn risks, the U.S. Consumer Product Safety Commission said. The brand names include AeonAir, Amana, Haier, Honeywell, and Whirlpool, among others. The recall was initiated after New Widetech received reports of 107 incidents of the recalled dehumidifiers overheating and/or catching fire.
Follow RTT