OSLO: Adevinta ASA has confirmed that the UK Competition and Markets Authority (CMA) has announced that it has concerns that Adevinta’s proposed acquisition of eBay Classifieds Group from eBay Inc could reduce competition in the UK, following its Phase 1 review. Adevinta and eBay now have the opportunity to propose potential remedies to avoid the…
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Adevinta signs agreement to acquire eBay Classifieds Group for $9.2 billion
OSLO: Adevinta ASA has entered into a definitive agreement to acquire 100% of eBay Classifieds Group, the global classifieds arm of eBay Inc for a headline value of US$9.2 billion. Under the terms of the agreement, eBay shall receive US$2.5 billion in cash and 540 million shares of Adevinta, representing a 44% stake in pro…