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eBay sells part of its Adevinta stake 

The transaction is expected to close in Q4 2021, once regulatory approvals are secured

eBay

eBay sells part of its Adevinta stake. Source: ebayinc.com

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.

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