Close

eBay (EBAY) Sells Portion of Adevinta Stake for $2.25B to Permira

Go back to eBay (EBAY) Sells Portion of Adevinta Stake for $2.25B to Permira

eBay Signs Agreement to Sell Part of its Adevinta Stake to Permira

July 14, 2021 2:56 AM EDT

SAN JOSE, Calif., July 14, 2021 /PRNewswire/ -- eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of buyers and sellers around the world, today announced that it has reached an agreement with Permira to sell approximately 125 million shares of its stake in Adevinta for an estimated total consideration of $2.25 billion1. The price represents an approximate 7% discount to the 10-day volume weighted average price (VWAP) of Adevinta shares as of July 12, and a 5% discount to the 30-day VWAP as of July 12.  

... More