eBay is selling the business in response to activist investors

    eBay – Adevinta ASA (ADE) (“Adevinta” or company”). Manage to define markets in 15 countries in Europe, Latin America, and North Africa.
    And that eBay is approaching a deal to sell its business in the classified ads to define.

    The representative says to Webmains the company has no comment on the negotiations reported. Webmains also contacted eBay.

    She said “eBay” in its quarterly report latest earnings, issued in April, it’s “targeting of potential alternatives to create value for its business in the classifieds, and active discussions with multiple parties and expects to receive the update by mid-year”.

    The Wall Street Journal had first reported in February that eBay was planning to sell its classifieds.

    Been spun advent of the media conglomerate Scandinavian Schibsted ASA last year with a view to expansion in the market world online.

    The unit recorded an operating income of $ 83 million and income (approximately Rs.624 crores) of $ 248 million in the first quarter of 2020 (approximately Rs. 1,865 crores).

    Its project is estimated at $ 8 billion (approximately Rs.60,187) to $ 10 billion (approximately Rs. 75,233).

    Selling eBay business response to activist investors who want to focus on its main market via the internet.

    He said three people familiar with the game yesterday that eBay is approaching a deal to combine its business advertising speed and define the Norwegian which will acquire a significant share in the group’s European.

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