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eBay close to selling classified-ads unit to Adevinta for $9 bn: Reports
short by Anushka Dixit / on Monday, 20 July, 2020
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.
read more at BloombergQuint