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sarah Leo made post

Can you tell me about the Ebay deal with Adevinta of Norway?

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vidhya Laxmi answered.
2 weeks ago

Ebay has signed a pact to sell its classified ads business to Adevinta based out of Norway. The deal will be an all-cash deal worth $9.2 billion. Ebay will get $2.5 billion in cash and the balance in 540 million shares of Adevinta. Post the deal, Ebay will become the largest shareholder in Adevinta with 44%. It is expected to be closed in the first quarter of 2021.