eBay to gain $2.2B from sales of its shares in classified biz Adevinta

Prepand to the content

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 originally acquired eBay’s own classified business back in 2020, leaving eBay with $2.2 billion in cash and 540 million Adevinta shares. While the new deal […]

© 2023 TechCrunch. All rights reserved. For personal use only.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.