https://www.ecommercebytes.com/tag/adevinta/ Ecommerce Industry News Mon, 27 Nov 2023 15:26:54 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 https://www.ecommercebytes.com/wp-content/uploads/2017/06/EB_site_icon-150x150.gif https://www.ecommercebytes.com/tag/adevinta/ 32 32 https://www.ecommercebytes.com/2023/11/27/ebay-motors-classifieds-group-gets-a-rebranding-in-the-uk/ Mon, 27 Nov 2023 15:26:54 +0000 https://www.ecommercebytes.com/?p=230125 In 2019, eBay acquired a UK classifieds site called Motors.co.uk from Cox Automotive and merged it with its Gumtree classifieds business. Motors.co.uk continued to be the brand by which consumers knew the site, while dealers came to know it as Read more]]> https://www.ecommercebytes.com/2023/11/21/ebay-to-use-2-2-billion-from-possible-sale-of-adevinta-stock-for-general-corporate-purposes/ https://www.ecommercebytes.com/2023/11/21/ebay-to-use-2-2-billion-from-possible-sale-of-adevinta-stock-for-general-corporate-purposes/#comments Wed, 22 Nov 2023 01:58:33 +0000 https://www.ecommercebytes.com/?p=230107 eBay sold its classifieds business to Adevinta a few years ago after pressure from activist investors Elliott Management and Starboard Value while obtaining a stake in the company. On Tuesday, eBay announced its support for a deal that would net Read more]]> https://www.ecommercebytes.com/2023/11/21/ebay-to-use-2-2-billion-from-possible-sale-of-adevinta-stock-for-general-corporate-purposes/feed/ 2 https://www.ecommercebytes.com/2021/12/01/some-former-ebay-classifieds-sites-sold-again/ Wed, 01 Dec 2021 18:37:15 +0000 https://www.ecommercebytes.com/?p=226714 eBay sold its portfolio of online classifieds sites this year and gained a stake in Adevinta, the new owner. Today, Adevinta announced it sold two of the properties to investor firms. Gumtree UK and Motors.co.uk now belong to a consortium Read more]]> https://www.ecommercebytes.com/2021/11/18/ebay-is-flush-with-cash-adds-5b-to-coffers-this-week/ https://www.ecommercebytes.com/2021/11/18/ebay-is-flush-with-cash-adds-5b-to-coffers-this-week/#comments Fri, 19 Nov 2021 01:35:30 +0000 https://www.ecommercebytes.com/?p=226676 eBay is flush with cash this week. It sold an 80% share of its eBay Korean unit for $3 billion on Sunday, and today it announced it sold over 134 million shares in Adevinta ASA for €2.05 billion, which is Read more]]> https://www.ecommercebytes.com/2021/11/18/ebay-is-flush-with-cash-adds-5b-to-coffers-this-week/feed/ 1 https://www.ecommercebytes.com/2021/06/26/ebay-to-reduce-stake-in-company-buying-its-classifieds-business/ https://www.ecommercebytes.com/2021/06/26/ebay-to-reduce-stake-in-company-buying-its-classifieds-business/#comments Sun, 27 Jun 2021 01:19:02 +0000 https://www.ecommercebytes.com/?p=18406 eBay sold its Classifieds business to Adevinta for $2.5 billion in cash and a 44% equity stake, but eBay will reduce its ownership to 33% (or less) over the next 18 months to resolve competition concerns raised by Austrian regulatory Read more]]> https://www.ecommercebytes.com/2021/06/26/ebay-to-reduce-stake-in-company-buying-its-classifieds-business/feed/ 1 https://www.ecommercebytes.com/2021/06/02/ebay-to-sell-classifieds-unit-and-acquire-stake-in-the-buyer/ Wed, 02 Jun 2021 20:23:34 +0000 https://www.ecommercebytes.com/?p=18272 eBay knows what it’s like to encounter friction as a seller – though not on its own marketplace. eBay was initially thwarted in a $9.2 billion deal to sell its Classifieds unit to a company called Adevinta when UK regulators Read more]]> https://www.ecommercebytes.com/2021/03/02/ebay-forced-to-sell-some-uk-units-to-let-classifieds-deal-go-forward/ Tue, 02 Mar 2021 13:30:25 +0000 https://www.ecommercebytes.com/?p=17788 eBay’s sale of its Classifieds Group to Adevinta hit a snag last month due to regulators in the UK. The two companies agreed this week to sell three of their UK units – Shpock, Gumtree (UK), and Motors.co.uk – in Read more]]> https://www.ecommercebytes.com/2021/02/16/uk-cites-facebook-in-ebay-classifieds-anti-competition-ruling/ Tue, 16 Feb 2021 13:56:00 +0000 https://www.ecommercebytes.com/?p=17735 In February 2020, activist investor Starboard Value LP stepped up pressure on eBay to sell its classifieds unit. One year later, the sale of eBay Classifieds Group to Adevinta hit a snag due to regulators in the UK. eBay announced Read more]]> https://www.ecommercebytes.com/2020/10/01/ebay-takes-care-of-housekeeping-related-to-sale-of-classifieds/ Thu, 01 Oct 2020 21:56:38 +0000 https://www.ecommercebytes.com/?p=16720 eBay took care of some housekeeping business on Thursday related to the sale of its Classifieds business to Adevinta that the two companies had announced in the third quarter. This press release from July 21 explains the $9.2 billion deal Read more]]> https://www.ecommercebytes.com/2020/07/21/ebay-sells-classifieds-unit-for-2-5b-plus-shares/ https://www.ecommercebytes.com/2020/07/21/ebay-sells-classifieds-unit-for-2-5b-plus-shares/#comments Tue, 21 Jul 2020 11:11:51 +0000 https://www.ecommercebytes.com/?p=16364 eBay sold its classifieds business unit to Adevinta for $2.5 billion of cash and 540 million shares of Adevinta, representing 44% ownership of the pro forma company and a ~33.3% voting stake. It valued the deal at approximately $9.2 billion. Read more]]> https://www.ecommercebytes.com/2020/07/21/ebay-sells-classifieds-unit-for-2-5b-plus-shares/feed/ 2