Adevinta, eBay clear final hurdle in US$13b advertising tie-up
The Edge Markets - Technology·2021-06-19 05:01
OSLO (June 18): U.S. e-commerce group eBay and Norway's Adevinta have secured final regulatory approval for a tie-up of their global classified ads businesses, the Norwegian firm said on Friday.
Under a deal struck last year, Adevinta will acquire eBay's Classifieds Group in return for $2.5 billion in cash and 540 million shares, valuing the transaction at around $13 billion at current stock market prices.
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