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Ebay agrees USD 9.2 bln cash and shares deal to sell classified ads to Schibsted's Adevinta

2020-07-21 13:40:00| Telecompaper Headlines

(Telecompaper) Global online marketplace eBay said it has agreed to sell its classified advertising operations to Adevinta, the company spun off by Norway's Schibsted in 2019. The combined group will have positions in 20 markets, covering 1 billion people with 3 billion monthly visits. eBay said the USD 9.2 billion cash and stock deal will make eBay the largest shareholder of Adevinta.

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