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

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 […]

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