eBay (EBAY) Confirms Sale of eBay Classifieds Group to Adevinta for $9.2B
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European stocks hit over four-month highs after EU recovery fund sealed
July 21, 2020 1:39 AM EDTBy Sruthi Shankar and Susan Mathew
(Reuters) - European shares closed above four-month highs on Tuesday, with Germany's blue-chip DAX erasing almost all its losses for the year, after EU leaders agreed on a landmark stimulus package to revive the bloc's economies from a coronavirus-induced slump.
The pan-European STOXX 600 jumped as much as 1.3% before ending 0.3% higher at its highest since early March, as did an index of euro zone blue-chip stocks which rose 0.5%.
Oil stocks were the biggest boost, also marking their best session since early March, as crude prices surged. [O/R]
... MoreeBay (EBAY) PT Raised to $56 at Goldman Sachs
July 20, 2020 6:06 AM EDTGoldman Sachs analyst Heath Terry raised the price target on eBay (NASDAQ: EBAY) to $56.00 (from $49.00) while maintaining a Neutral rating.... More
eBay (EBAY) PT Raised to $58 at Jefferies
July 20, 2020 4:20 AM EDTJefferies analyst Brent Thill raised the price target on eBay (NASDAQ: EBAY) to $58.00 (from $52.00) while maintaining a Hold rating.... More
Owners of auction website Allegro aim for Warsaw listing in September: sources
July 17, 2020 12:54 PM EDTBy Anna Koper, Clara Denina and Arno Schuetze
WARSAW/LONDON/FRANKFURT (Reuters) - Private equity funds Cinven, Permira and Mid Europa Partners are pressing ahead with efforts to list Polish auction website Allegro on the Warsaw Stock Exchange in September, sources familiar with the matter told Reuters.
The online marketplace, which competes with eBay (NASDAQ: EBAY) and Amazon (NASDAQ: AMZN), has shelved its initial... More
Prosus Submits Highest Bid for eBay (EBAY) Classifieds - Bloomberg
July 17, 2020 6:14 AM EDTProsus NV submitted the highest offer for eBay's (NASDAQ: EBAY) classifieds unit, according to Bloomberg, citing people familiar with the matter. The board will meet Friday to formally choose a preferred bidder.
The sale is expected to fetch more than $8 billion.... More
