Norway’s Adevinta favourite to buy eBay’s classified ads unit for $9bn
EBay would keep a minority stake in business, say sources
20 July 2020 - 17:37
New York — Norway's Adevinta has won the auction to buy the bulk of eBay's classified ads unit for nearly $9bn, with the US e-commerce firm planning to keep a minority stake, two sources familiar with the matter told Reuters on Monday.
The acquisition comes as the coronavirus crisis boosts demand for online marketplaces, with consumers turning to online shopping due to prolonged lockdowns and social distancing measures in most countries...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.