eBay confirms that it will support a deal for Adevinta
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eBay (NASDAQ:EBAY) issued a statement on Friday in regard to media reports that Adevinta (OTCPK:ADEVF) may be a takeover target.
The company said it is aware of the statement released by Adevinta (OTCPK:ADEVF) regarding receipt of a non-binding indicative proposal for all the shares of Adevinta, and has expressed support for this proposal. As part of the proposal, eBay (EBAY) would retain part of its current shareholding in the company. At this time, eBay (EBAY) noted that it has no further comments to add.
Norwegian-based Adevinta (OTCPK:ADEVF) acquired eBayâs (EBAY) online classifieds business in a $9.2 billion cash and stock deal inked in 2021.
Adevinta (OTCPK:ADEVF) jumped 22% in Oslo trading on Friday and is more than 30% over the last week. Bloomberg reported late on Thursday that Adevinta (OTCPK:ADEVF) said it has received a takeover proposal from a private equity consortium that includes Blackstone (BX) and Permira.

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