The transaction is expected to close in Q4 2021, once regulatory approvals are secured
eBay has reached an agreement with Permira to sell nearly 125 million shares of its stake in Adevinta for $2.25 billion.
According to the press release, it will reduce eBay’s ownership stake in Adevinta from 44% to 34%.
Besides, eBay has granted Permira a 30-day option to purchase nearly 10 million additional shares at the same price representing an additional $180 million in consideration. If Permira exercises the option, eBay’s ownership in Adevinta will reduce to 33%.
We’ve reported that global direct transfers can now be done via Western Union.