eBay close to selling classified-ads unit to Adevinta for $9 bn: Reports

eBay is close to making a deal to sell its classified advertising unit to Norwegian online marketplace Adevinta for $9 billion, reports said. With this transaction, which could be announced by next week, eBay will get a minority stake in the combined entity. eBay's classified business offers online ads to more than 1,000 cities around the world.