UK Regulator Mulling Probe into eBay's Classified-Ads Business Sale to Adevinta
December 02 2020 - 3:37AM
Dow Jones News
By Ian Walker
The U.K. Competition and Markets Authority said Wednesday that
it is considering whether Adevinta ASA's acquisition of eBay Inc.'s
classified-ads business will create a merger situation, and is
inviting comments from interested parties before it makes a final
decision.
The regulator said parties have until Dec. 16 to offer any
comment.
EBay agreed to sell its classified-ads business to Norway's
Adevinta ASA for $9.2 billion in cash and stock in July.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
December 02, 2020 03:22 ET (08:22 GMT)
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