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Adevinta wins auction to buy eBay's classified ads unit for nearly $13 billion

By Greg Roumeliotis and Pamela Barbaglia

Jul 21 2020 6:44AM

Includes Gumtree.

Adevinta wins auction to buy eBay's classified ads unit for nearly $13 billion

Norway's Adevinta has won the auction to buy the bulk of eBay's classified ads unit for nearly A$12.8 billion, with the US e-commerce firm planning to keep a minority stake. The acquisition comes as the coronavirus crisis boosts demand for online marketplaces, with consumers turning ...

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