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Adevinta, eBay clear final hurdle in $13 billion advertising tie-up

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.

June 18, 2021 / 03:52 PM IST
Source: Reuters

Source: Reuters

US 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.
Reuters
first published: Jun 18, 2021 03:50 pm
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