A global online classifieds company Adevinta ASA has entered into a definitive agreement to acquire eBay Classifieds Group, the classifieds arm of eBay Inc for approximately $9.2 billion.
- The combined entity will benefit from a balanced portfolio of assets centered around Germany, France and Spain.
- As per agreement, eBay shall receive US$2.5 billion in cash and 540 million shares of Adevinta, representing a 44% stake in pro forma Adevinta.
- eBay Classifieds Group operates an international family of leading local classifieds marketplaces in 13 countries.
In February 2020: eBay has completed the sale of StubHub to viagogo for $4.05 billion in cash. viagogo is a leading ticket marketplace for live sport, music and entertainment events. eBay Inc, a global e-commerce leader, based in the USA has marketplace and classifieds platform and operates in around 190 markets across the world. The company was founded in 1995 in San Jose, California, the USA.
In December 2019, eBay had agreed to acquire Australia based Cox Automotive Media Solutions, which owns CarsGuide.com.au and Autotrader.com.au, leading automotive platforms that make it easier to review, buy and sell cars in Australia.
In July 2019, eBay expanded in India with Paytm Mall. eBay announced an agreement will make eBay inventory accessible to tens of millions of Paytm Mall active customers in India and the company would acquire 5.5% of the Paytm Mall.
In February 2019, eBay had announced the completion of its acquisition of Motors.co.uk, a leading UK-based classifieds site that makes the car buying and selling process intuitive and simple.
About eBay Inc
eBay Inc, a global e-commerce leader, based in the USA has marketplace and classifieds platform and operates in around 190 markets across the world. The company was founded in 1995 in San Jose, California, the USA. eBay is one of the worlds largest and most vibrant marketplaces for discovering great value and unique selection.