REG - Competition and Mkts - Merger Update: Adevinta/eBay

eBayAnnouncement

02/06/2021 08:05

RNS Number : 4590A
  
Competition and Markets Authority
  
02 June 2021
  
 

Acceptance of Undertakings in Lieu of Reference
 
 
The CMA has today accepted undertakings in lieu of reference to Phase 2 given
by Adevinta ASA and eBay Inc. under section 73 of the Enterprise Act 2002.  The anticipated acquisition by Adevinta ASA of eBay Classifieds Group from eBay Inc., and eBay Inc.'s acquisition of a minority stake in Adevinta ASA will therefore not be referred to Phase 2 and the undertakings which have been signed by Adevinta ASA and eBay Inc will come into effect from this date.
 
The text of this decision will be placed on the Competition and Market Authority's web site at Adevinta / eBay merger inquiry - GOV.UK (www.gov.uk) as soon as is reasonably practical.
 
In the event of media enquiries please email Press@cma.gov.uk.
 

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