EBay and Adevinta to sell UK websites Gumtree, Motors.co.uk and Shpock to get their $9.2 B deal previous regulators
After inking a$ 9.2 billion deal to merge their classifieds companies in 2015, eBay and Norway’s Adevinta have actually revealed an offer to sell three popular web properties in the UK to get the deal cleared by local regulators, the Competitors Markets Authority. The companies prepare to sell off Adevina-owned Shpock, and eBay-owned Gumtree and […]
— 3 UK websites that let people sell used goods and find/offer services– with the transactions anticipated to be completed in time for eBay and Adevinta to complete their largerdeal in Q2 2021, pending final regulatory approvals. The CMA provisionally has said that it would support the offer if the sale of the three properties gets completed.”There is a practical possibility that without this offer Gumtree and Shpock would have been direct competitors to eBay, which is by far the biggest player in this market. Another possession that eBay sold off as part of its larger divestment efforts intending to streamline its business was selling secondary ticket market business Stubhub to Viagogo in a$4 billion offer. …
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