Adevinta acquires eBay’s Classifieds business unit in $9.2B deal

TechCrunch Tuesday, 21 July 2020 ()
Consolidation continues apace in the world of e-commerce, and today it was the turn of the classified ads market. Today, eBay announced that it had reached a deal to sell off its Classifieds business unit to Adevinta, a Norway-based classified ads publisher majority owned by Danish publisher Schibsted. The deal is valued at $9.2 billion, […]
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Video Credit: Reuters Studio - Published
News video: Buy now for $9 bln: eBay set to sell classifieds

Buy now for $9 bln: eBay set to sell classifieds 01:11

Reuters sources say eBay has agreed to sell its classifieds unit to Norwegian firm Adevinta for almost $9 billion. Julian Satterthwaite reports.