M&A Deal Summary

Adevinta Acquires eBay Classifieds Group

On July 21, 2020, Adevinta acquired internet software and services company eBay Classifieds Group from eBay for 9.2B USD

Acquisition Highlights
  • This is Adevinta’s 1st transaction in the Internet Software and Services sector.
  • This is Adevinta’s largest (disclosed) transaction.
  • This is Adevinta’s 1st transaction in the United States.
  • This is Adevinta’s 1st transaction in California.

M&A Deal Summary
Date 2020-07-21
Target eBay Classifieds Group
Sector Internet Software and Services
Buyer(s) Adevinta
Sellers(s) eBay
Deal Type Divestiture
Deal Value 9.2B USD

Target

eBay Classifieds Group

California, United States
website
eBay Classifieds Group operates an international family of local classifieds marketplaces in 13 countries. It helps people find whatever they’re looking for in their local communities.

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Buyer(S) 1

Buyer

Adevinta

Oslo, Norway

website

Category Company
Founded 2018
Sector Internet Software and Services
Employees3,826
Revenue 674M NOK (2020)
DESCRIPTION

Adevinta is a marketplace specialist that helps local digital marketplaces thrive through global connections and networks of knowledge. The company's marketplaces unlock the full value in every person, place, and thing – helping local communities prosper and leaving a positive footprint on the world. It serves people where they live, acknowledging what’s special about every culture and every place. Adevinta was founded in 2018 and is based in Oslo, Norway.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-07 Shpock

Vienna, Austria

Shpock is a generalist (app-first) mobile online classifieds site formed with a focus on location-based discovery. The company provides transactional classifieds sites, with categories ranging from electronics, fashion, and furniture to specialized verticals such as motor and real estate. Shpock is based in Vienna, Austria.

Sell -

Seller(S) 1

SELLER

eBay

San Jose, California, United States

website

Category Company
Founded 1995
Sector Internet Software and Services
Employees11,600
Revenue 9.8B USD (2022)
DESCRIPTION
Entrance to eBay's corporate headquarters in San Jose, California.
Entrance to eBay's corporate headquarters in San Jose, California.

eBay is an online retailer and provider of auction tools and services. eBay enables global commerce and payments on behalf of users, merchants, retailers and brands of all sizes. The technologies and services eBay provides are designed to enable users and merchants worldwide to organize and offer their inventory for sale and buyers to find, buy and pay for it virtually anytime and anywhere. eBay was incorporated in 1995 and is based in San Jose, California.

DEAL STATS #
Overall 12 of 14
Sector (Internet Software and Services) 9 of 10
Type (Divestiture) 8 of 9
State (California) 6 of 6
Country (United States) 8 of 8
Year (2020) 2 of 2
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-21 eBay Classifieds Group - Denmark Assets

Denmark

eBay Classifieds Group's Denmark Assets is a marketplace specialist that helps local digital marketplaces thrive through global connections and networks of knowledge.

Sell $330M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-24 eBay - Businesses in Korea

Seoul, South Korea

eBay’s Businesses in Korea is an operator of an online shopping platform. eBay’s Businesses in Korea is based in Seoul, South Korea.

Sell $3.0B
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