Once heralded as disruptive marketplaces, classifieds are giving way to transactional marketplaces. Yet, some classifieds in the West like eBay have evolved with time, acquiring competition operating both models. In Africa, this occurrence is happening in part, at least for the classifieds businesses that haven’t fizzled out. Jiji, one of the largest marketplaces for classifieds […] …
eBay is apparently getting near to an offer to offer its classified-ads service to Adevinta, a Norwegian company that runs online markets across Europe and Latin America. According to a Wall Street Journal report, if the negotiations are successful, a money and stock deal could be announced as soon as Monday. The deal is anticipated […] The deal is anticipated to worth eBay’s classified service at about$8 billion. Activist investors Elliot Management and Starboard Value LP have actually pushed eBay to sell off non-core company units to focus on its market, resulting in the sale of StubHub to viagogo for more than$4 billion last year and the visit of a brand-new primary executive officer. During the first quarter of this year, eBay’s main marketplace service produced $2.1 billion in profits, down, while its classifieds organisation saw $248 million in earnings. …
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