eBay Inc. has signed an agreement with Permira to sell approximately 125 million shares of its stake in Adevinta for approximately USD 2.2 billion. After this deal eBay’s ownership stake in Adevinta reduce from 44% to 33%.
- eBay committed to reduce its ownership in Adevinta to 33% to secure approval for the eBay Classifieds Group and Adevinta transaction.
- Adevinta is a global online classifieds specialist, operating digital marketplaces in 16 countries.
The major deals and expansions by eBay are mentioned below:
June 2021: South Koreas largest retailer Emart announced to acquire eBay’s businesses in Korea for approximately 3 billion. Over the next four years, Emart plans to invest more than $8920 million in fulfillment centers.
July 2020: 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.
February 2020: e-commerce leader eBay has completed the sale of StubHub to viagogo for $4 billion in cash. viagogo is a leading ticket marketplace for live sport, music and entertainment events.
Earlier in November 2019, eBay announced that it had signed a definitive agreement to sell StubHub to viagogo. StubHub is one of the most trusted ticket marketplace in the United States.
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.
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.
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.