Ebay shares get boost from report of Adevinta buyout interest

Adevinta ASA

21/09/2023 21:28

** Shares in eBay  EBAY.O  climbed sharply late in the trading
session on Thursday after a report a consortium backed by
Blackstone  BX.N  and including Permira were considering a bid
to take eBay-backed Adevinta  ADEA.OL  private 
    ** EBay shares rose as high as $45.21 after the report but
pared gains and closed up 0.5% at $43.92
    ** The report from Bloomberg cited un-named people with
knowledge of the matter saying the potential deal would be one
of the year's biggest buyouts
    ** Oslo-based Adevinta bought eBay's online classified ad
business in 2021 stock and cash deal of $9.2 billion, leaving
eBay with a significant stake in Adevinta, part of which it
later sold to Permira, according to the report   

 (Reporting By Sinéad Carew)
 ((sinead.carew@thomsonreuters.com; +13322191897;))