A Bloomberg report over the weekend quoted unnamed sources as saying that eBay Inc (NASDAQ: EBAY) had received bids for its Classifieds business from multiple bidders, in the range of $8 billion to ...

Adevinta has agreed to purchase eBay's Classifieds business unit in a deal worth roughly $9.2 billion. Norway-based Adevinta will pay eBay $2.5 billion under the terms of the deal, and will also ...

Consolidation continues apace in the world of e-commerce, and today it was the turn of the classified ads market. Today, eBay announced it had reached a deal to sell off its Classifieds business unit ...

eBay Inc (EBAY) and Adevinta ASA have now entered into a definitive agreement for eBay to transfer its Classifieds business to Adevinta for $9.2 billion, based on the closing trading price of Adevinta ...

- eBay will receive $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 The management teams of Adevinta and eBay ...

eBay is unloading its remaining shares in the online classified business Adevinta to private equity firms Permira and Blackstone for $2.2 billion in cash and 20% equity, it said. Adevinta had ...

(Bloomberg) — EBay Inc. would prefer to keep a stake in the classified advertising business it’s selling, according to people familiar with the matter, lessening the chances Prosus NV will win the ...