SAN JOSE, Calif. , June 25, 2021 /PRNewswire/ -- eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of buyers and sellers around the world, today announced that it has completed ...

(RTTNews) - eBay Inc. (EBAY), a commerce company, announced Friday that it has completed the transfer of its Classifieds business to Adevinta in exchange for $2.5 billion in cash and a 44% equity ...

The eBay classified ads business included Gumtree and Canada’s Kijiji, along with vehicle marketplace sites in Denmark, Germany, Italy and the UK.

In 2019, eBay Classifieds Group’s UK business accounted for less than 10% of its consolidated revenues and Adevinta’s UK business accounted for only 1% of its consolidated revenues.

Adevinta, an international online classifieds company, acquired eBay's Classifieds business for $9.2 billion, according to a Tuesday press release. As part of the deal, eBay will receive $2.5 ...

Adevinta is buying eBay's classified ads businesses in a deal worth $9.2 billion. California-based eBay will get a 44% stake in the Norwegian firm.

OSLO: Ebay Inc has agreed to sell its classified ads business to Norwegian group Adevinta in a deal worth $9.2 billion, creating the world's largest classifieds group, the companies said on Tuesday.

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 ...

The e-commerce platform said Tuesday it's selling its classified ads business for $9.2 billion in cash and stock to Adevinta, a fellow online retailer based in Norway.

One of the web’s oldest businesses has a new owner. Norway’s Adevinta is buying eBay (EBAY)’s classified ads business for $9.2 billion to create the world’s largest online classifieds ...