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EBay agrees to sell stake in Adevinta in Blackstone, Permira buyout deal

Clyde Edgerton by Clyde Edgerton
November 22, 2023
in Markets
EBay agrees to sell stake in Adevinta in Blackstone, Permira buyout deal
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Adevinta’s stock NO:ADE ADEVY was in the spotlight on Wednesday after Permira and Blackstone Inc. BX on Tuesday said they are offering to buy all of the outstanding ordinary Class A shares in the Norway-based online classified advertising company for $13 billion. Adevinta stock was up 5% in Norway on Wednesday, while its American depositary shares have not yet traded. EBay Inc. EBAY said it would sell half of its stake in Adevinta for about $2.2 billion and would exchange the remaining shares for an equity stake of approximately 20% in the company once it goes private. “We strongly support this offer, which we firmly…

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