EBay Inc.

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Debt Financing / Related, Equity Investments, Mergers / Acquisitions

ebay Completes Transfer Of Classifieds Business To Adevinta

Published: 06/25/2021 07:28 GMT
EBay Inc. (EBAY) - Ebay Completes Transfer of Classifieds Business to Adevinta.completion of This Transaction Results in After Tax Net Cash Proceeds of Approximately $2 Billion.company Has Agreed to Reduce Its Ownership Stake in Adevinta to 33% Or Less Over Next 18 Months.completed Transfer of Its Classifieds Business to Adevinta in Exchange for $2.5 Billion in Cash and a 44% Equity Stake in Adevinta.company is Updating Its Capital Allocation Plans for 2021 by Increasing Its Estimated Share Buyback From $2.0 Billion to $5.0 Billion.