Ebay classifieds dallas

Ebay classifieds dallas DEFAULT

eBay agrees to sell classifieds business in $9.2 billion deal

eBay on Tuesday said that it will sell a majority stake in its classifieds unit to Norwegian classifieds firm Adevinta.

The big picture: eBay came under pressure in early 2019 from activist investor Elliott Management, which wanted it to spin off both its classifieds and StubHub units from its flagship marketplace platform. StubHub was sold to Viagogo just before the pandemic hit.

Details: The deal values eBay's classifieds unit at $9.2 billion, with eBay to retain a 44% stake in the newly-created company.

  • The business has a higher profile outside of the U.S. than within it, offering online adds in more than 1,000 cities and generating $248 million in Q1 2020 revenue.

Rivals: Adevinta's cash and stock deal beat out an all-cash, $9 billion bid from Dutch conglomerate Prosus. There also was an offer from a private equity consortium that includes The Blackstone Group, Hellman & Friedman, and Permira.

Sours: https://www.axios.com/ebay-sell-classifieds-adevinta-4031a11b-524c-4843-86b3-ccd74cb442e0.html


We have collected the best sources for Dallas deals, Dallas classifieds, garage sales, pet adoptions and more. Find it via the AmericanTowns Dallas classifieds search or use one of the other free services we have collected to make your search easier, such as Craigslist Dallas, eBay for Dallas, Petfinder.com and many more! Also you can search our Texas Classifieds page for all state deals.

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Sours: https://www.americantowns.com/dallas-tx/classifieds/
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How To Create a Classified Ad on eBay


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