For $ 9 billion: Ebay-classifieds division goes to Norwegians

The Online ad portals, Ebay classifieds and Mobile.de in the future, in the Norwegian's Hand. The American group Ebay sold his classifieds business for 9.2 bil

For $ 9 billion: Ebay-classifieds division goes to Norwegians

The Online ad portals, Ebay classifieds and Mobile.de in the future, in the Norwegian's Hand. The American group Ebay sold his classifieds business for 9.2 billion dollars to the competitors Adevinta, as both sides said on Tuesday.

Ebay gets $ 2.5 billion in cash and is at the same time, the largest shareholder of Adevinta. The Norwegian company was, in turn, in the year 2019 from the media group Schibsted (Aftenposten, "VG") is cleaved. Adevinta can double its business with the Acquisition of practical. The share price on the Oslo stock exchange listed company, jumped on Tuesday to 39 percent.

the American financial investor KKR-based German media group Axel Springer had to Ebay classifieds attracted, but was eliminated early. In contrast, the South African technology investor Naspers was supported Online retailer Prosus make up the last hope, reports the Insider.

used-car-platform mobile.de

it was Only after the Norwegians had improved over the weekend, have Ebay decided for Adevinta and to retain a larger share. For this, I made chief Executive Jamie Iannone strong. Prosus wanted to pay nine billion dollars in cash.

the activist to separate of investors such as Elliott and Starboard had previously made a print on Ebay, from the classifieds business. The Americans are now with 44 per cent of the shares and 33 per cent of the voting rights of the largest shareholder of Adevinta. Schibsted makes its share to 33 per cent dilute, has 39.5 percent of the voting rights.

Updated Date: 21 July 2020, 06:19

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