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EBay Sells Classified Business to Norway’s Adevinta for $9.2 Billion

By
Martin Peers
· · Source: The Information

EBay is selling its classified business to Norwegian company Adevinta for cash and stock valued at $9.2 billion, the companies announced. EBay will become the biggest shareholder in Adevinta as a result of the deal. EBay is selling the classified business after pressure from activist shareholders Elliott and Starboard Value, which also agitated successfully for the company to sell ticketing firm...

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