Ebay, Adevinta to divest smaller British units to salvage $9.2 billion tie-up
Tue Mar 02 2021
Julie Young (534 articles)

Ebay, Adevinta to divest smaller British units to salvage $9.2 billion tie-up

Norway’s Adevinta and U.S. e-commerce group eBay aim to sell three smaller British units in order to obtain regulatory approval for a long-planned tie-up of their global classified ads businesses, the two firms said on Tuesday.

Britain’s Competition and Markets Authority (CMA) last month said Adevinta and eBay would have to resolve the watchdog’s concerns before proceeding with their $9.2 billion deal.

Julie Young

Julie Young

Julie Young is a Senior Market Reporter and Analyst. She has been covering stock markets for many years.