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EBay Sells Classified Ads Business to Adevinta for $9.2 billion

         

engine

11:29 am on Jul 21, 2020 (gmt 0)

WebmasterWorld Administrator 10+ Year Member Top Contributors Of The Month



As was indicated earlier [webmasterworld.com], EBay has sold its classified ads business to Adevinta for $9.2 billion, of which eBay receives $2.5 billion in cash and 540 million shares in Adevinta, becoming its largest shareholder.

“Adevinta becomes the largest online classifieds company globally, with a unique portfolio of leading marketplace brands,” Adevinta Chief Executive Rolv Erik Ryssdal said.

[reuters.com...]

mosxu

8:13 pm on Jul 22, 2020 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member Top Contributors Of The Month



Smart move