eBay Supports Voluntary Offer to Acquire Adevinta

Provided By PR Newswire

Last update: Nov 21, 2023

eBay would receive USD $2.2 billion cash and retain a 20% ownership stake

SAN JOSE, Calif., Nov. 21, 2023 /PRNewswire/ -- eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of sellers and buyers around the world, announced its support for the voluntary tender offer led by Permira and Blackstone to acquire all the publicly traded shares of Adevinta (the "Offer"). As part of the transaction, eBay would sell 50% of its shares for an estimated USD $2.2 billion and would exchange the remaining shares for an equity stake of approximately 20% in the newly privatized company.