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Tag: eBay Classifieds

Some Former eBay Classifieds Sites Sold Again

December 1, 2021December 1, 2021 Ina Steiner
eBay

eBay sold its portfolio of online classifieds sites this year and gained a stake in Adevinta, the new owner. Today, Adevinta announced it sold two of the properties to investor firms. Gumtree UK and Motors.co.uk […]

Marketplaces, NewsAdevinta, eBay Classifieds, Gumtree, Novum Capital, O3, Online Classifieds, Rolv Erik Ryssdal

eBay Is Flush with Cash, Adds $5B to Coffers This Week

November 18, 2021November 18, 2021 Ina Steiner
eBay

eBay is flush with cash this week. It sold an 80% share of its eBay Korean unit for $3 billion on Sunday, and today it announced it sold over 134 million shares in Adevinta ASA […]

1 CommentMarketplaces, NewsAdevinta, eBay, eBay Classifieds, eBay Korea, eBay share buyback, StubHub

eBay to Reduce Stake in Company Buying Its Classifieds Business

June 26, 2021June 26, 2021 Ina Steiner
eBay

eBay sold its Classifieds business to Adevinta for $2.5 billion in cash and a 44% equity stake, but eBay will reduce its ownership to 33% (or less) over the next 18 months to resolve competition […]

1 CommentMarketplaces, NewsAdevinta, eBay, eBay Classifieds, Jamie Iannone, Merger and Acquisition

eBay to Sell Classifieds Unit and Acquire Stake in the Buyer

June 2, 2021 Ina Steiner
eBay

eBay knows what it’s like to encounter friction as a seller – though not on its own marketplace. eBay was initially thwarted in a $9.2 billion deal to sell its Classifieds unit to a company […]

Marketplaces, NewsAdevinta, Competition and Markets Authority, eBay, eBay Classifieds, Merger and Acquisition, Russmedia, Shpock

eBay Forced to Sell Some UK Units to Let Classifieds Deal Go Forward

March 2, 2021March 2, 2021 Ina Steiner
eBay

eBay’s sale of its Classifieds Group to Adevinta hit a snag last month due to regulators in the UK. The two companies agreed this week to sell three of their UK units – Shpock, Gumtree […]

Marketplaces, NewsAdevinta, Competition and Markets Authority, eBay, eBay Classifieds, Elliott Management, Merger and Acquisition, Online Classifieds

UK Cites Facebook in eBay Classifieds Anti-Competition Ruling

February 16, 2021February 16, 2021 Ina Steiner
eBay

In February 2020, activist investor Starboard Value LP stepped up pressure on eBay to sell its classifieds unit. One year later, the sale of eBay Classifieds Group to Adevinta hit a snag due to regulators […]

Marketplaces, NewsAdevinta, Competition and Markets Authority, eBay Classifieds, Merger and Acquisition, Starboard Value LP

eBay Takes Care of Housekeeping Related to Sale of Classifieds

October 1, 2020October 1, 2020 Ina Steiner
eBay

eBay took care of some housekeeping business on Thursday related to the sale of its Classifieds business to Adevinta that the two companies had announced in the third quarter. This press release from July 21 […]

Marketplaces, NewsAdevinta, eBay, eBay Classifieds

eBay Sells Classifieds Unit for $2.5B Plus Shares

July 21, 2020July 21, 2020 Ina Steiner
eBay

eBay sold its classifieds business unit to Adevinta for $2.5 billion of cash and 540 million shares of Adevinta, representing 44% ownership of the pro forma company and a ~33.3% voting stake. It valued the […]

2 CommentsMarketplaces, NewsAdevinta, eBay, eBay Classifieds, Merger and Acquisition

eBay Completes Acquisition of Australian Classifieds Sites

June 2, 2020June 2, 2020 Ina Steiner
eBay

eBay completed the acquisition of Cox Australia, it said this week after announcing its intentions in December. Cox Australia owns CarsGuide.com.au and Autotrader.com.au and will join eBay’s Gumtree business. The deal will create an attractive […]

1 CommentMarketplaces, NewsCox Automotive, eBay Classifieds, Gumtree

eBay Reacts to Rumor about Sale of Classifieds

February 21, 2020February 21, 2020 Ina Steiner
eBay

eBay issued a statement on Friday after rumors surfaced it was getting closer to selling its eBay Classifieds Group business unit. Citing unnamed sources, the Wall Street Journal reported on Friday that parties interested in […]

1 CommentMarketplaces, NewseBay, eBay Classifieds

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