Jun 18, 2021 03:50 PM IST
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.
- Jul 21, 2020 02:20 PM IST
Ebay will receive $2.5 billion in cash and 540 million shares of Adevinta, making it the largest shareholder with a 44 percent stake of the pro forma company, they said.
- Jul 16, 2020 10:20 PM IST
The US e-commerce giant will need to decide between two all-cash bids - submitted by online retailer Prosus and a private equity consortium - and a third cash-and-share offer from Norwegian classifieds group Adevinta, the sources said.
- Oct 23, 2019 07:35 AM IST
Donahoe, who has been on Nike's board since 2014, will join the sneaker maker from cloud computing firm ServiceNow Inc , where he was CEO for more than four years. Prior to that, he led online retailer eBay for the seven years through 2015.
- Sep 25, 2019 09:01 PM IST
EBay had come under pressure from hedge funds Elliott Management Corp and Starboard Value to restructure and sell some of its businesses.
- Aug 14, 2019 04:53 PM IST
The domestic e-tailer, which has of late seen tough competition from the likes of Amazon and Flipkart, has been trying to revamp its business.
- Jul 26, 2019 08:28 AM IST
The new service will allow sellers to store inventory closer to buyers in warehouses across the US, resulting in faster delivery time and lower shipping costs.
- Jul 18, 2019 05:43 PM IST
Sakshi Batra chats with Moneycontrol's Priyanka Sahay to find out the nitty-gritties of the deal and how it will affect the e-commerce space.
- Jul 18, 2019 10:12 AM IST
Paytm founder Vijay Shekhar Sharma confirmed the investment but did not disclose the details.
- Apr 03, 2019 09:30 PM IST
The order is aimed at stopping the sale of counterfeit products through companies like Alibaba Group Holding Ltd, Amazon.com Inc and eBay Inc, Navarro said in a conference call with reporters.
- Mar 22, 2019 07:38 PM IST
A significant step toward providing buyers with more choice in their payment options
- Jan 30, 2019 10:45 AM IST
Shares of the online marketplace were down 1 percent in after-hours trading, reversing course after an initial jump following eBay's move to pay a quarterly dividend of 14 cents per share.
- Aug 23, 2018 09:19 PM IST
eBay is also taking over the eBay.in domain from Flipkart.
- Aug 13, 2018 10:06 AM IST
Flipkart will now launch a new platform to sell refurbished goods in an attempt to tap into the market of pre-owned goods, which as of now, is largely unorganised
- Jul 27, 2018 11:48 AM IST
ShopClues, which recently raised $10 million from existing investors, is itself holding talks with multiple e-commerce companies for a potential sale
- Jul 24, 2018 01:53 PM IST
The company will be stopping all customer transactions on eBay.in from August 14
- Jul 09, 2018 06:08 PM IST
Canadian man keeps a 6-year-old McDonald’s cheeseburger and fries in his office and now posts an advertisement for eBay for selling it for 29.99 dollars.
- Apr 25, 2018 02:37 PM IST
Here are 10 smart bets from companies that were futuristic and are giving excellent returns to their owners
- Aug 01, 2017 10:11 AM IST
With this, eBay.in will now be a Flipkart Group company. The deal was announced in April when the Flipkart group raised USD 1.4 billion from global technology majors eBay, Tencent and Microsoft.
- Jul 27, 2017 03:35 PM IST
The January-June period of this year attracted 181 deals worth USD 29.2 billion, 56.7 per cent higher compared with the corresponding period last year and even surpassed the first half 2012 level which was the historical high for deal making in India, the global deal tracking firm said.
- Apr 12, 2017 06:16 PM IST
The last time Flipkart raised money was at a valuation of USD 15.2 billion. The lower valuation explains the stress in the e-commerce industry in India and the difficulty in finding an investor.
- Apr 11, 2017 01:37 PM IST
Bansal pointed that the company will be cautious when it comes to spending and growing the business
- Apr 11, 2017 07:35 AM IST
The announcement comes in the wake of Flipkart, India's largest e-commerce player, looking to cut cost by its plan to sack at least 700 employees, or over 3 per cent of its workforce, to compete with rivals like Amazon and Snapdeal.
- Apr 10, 2017 07:44 PM IST
Bangalore-based Flipkart has been valued at a whopping $11.6 billion or nearly Rs 74,800 crore – more than the market capitalisation of all the listed retail companies on the NSE
- Apr 10, 2017 05:55 PM IST
Even as eBay has sold its India business Flipkart, not all of its employees in India will be absorbed by the Bangalore-based company