is perhaps Indicators Settlement to promote you A part of its Adevinta Stake to Permira

eBay Inc. (Nasdaq: EBAY), a world commerce chief that connects thousands and thousands of consumers and sellers around the globe, right this moment introduced that it has reached an settlement with Permira to promote roughly 125 million shares of its stake in Adevinta for an estimated complete consideration of $2.25 billion.1 The worth represents an approximate 7% low cost to the 10-day quantity weighted common worth (VWAP) of Adevinta shares as of July 12, and a 5% low cost to the 30-day VWAP as of July 12.  

The transaction is anticipated to shut in Q4 2021, as soon as regulatory approvals are secured, and can scale back eBay’s possession stake in Adevinta from 44% to 34%. As well as, eBay has granted Permira a 30-day choice to buy roughly 10 million further shares on the identical worth representing an extra $180 million in consideration.2 If Permira workout routines the choice, eBay’s possession in Adevinta will scale back to 33%. 

Beneath its current settlement with Austrian regulators, eBay dedicated to cut back its possession in Adevinta to 33% to safe approval for the eBay Classifieds Group and Adevinta transaction. The transaction introduced right this moment with Permira offers a transparent path to satisfying this dedication, whereas delivering worth to eBay shareholders and introducing an skilled, world-class progress investor to Adevinta’s shareholder base. 

About eBay

eBay Inc. (Nasdaq: EBAY) is a world commerce chief that connects thousands and thousands of consumers and sellers in 190 markets around the globe. We exist to allow financial alternative for people, entrepreneurs, companies and organizations of all sizes. Based in 1995 in San Jose, California, eBay is likely one of the world’s largest and most vibrant marketplaces for locating nice worth and distinctive choice. In 2020, eBay enabled $100 billion of gross merchandise quantity. For extra details about the corporate and its international portfolio of on-line manufacturers, go to

About Permira

Permira is a number one international funding agency targeted on progress at scale. Based in 1985, the agency advises funds with complete dedicated capital of roughly US$50bn (€44bn) and makes long-term majority and minority investments. The Permira funds have remodeled 250 non-public fairness investments in 4 key sectors: Know-how, Client, Providers and Healthcare. Permira employs over 350 individuals in 15 places of work throughout Europe, North America, and Asia.

The Permira funds have an intensive monitor report in investing on the intersection of shopper/prosumer and expertise, having backed Allegro, Mirakl, TeamViewer, Klarna, LegalZoom, Flixbus, Ancestry, Catawiki, Boats Group, The Knot Worldwide, BestSecret, Zwift and Magento. For extra data, go to   

About Adevinta

Adevinta is a world on-line classifieds specialist, working digital marketplaces in 16 international locations. The corporate offers technology-based companies to attach consumers with sellers and to facilitate transactions, from job provides to actual property, automobiles, shopper items and extra.  

Adevinta’s portfolio spans greater than 40 digital manufacturers, masking one billion individuals and attracting roughly three billion common month-to-month visits. Main manufacturers embrace top-ranked leboncoin in France, Germany’s main classifieds websites and eBay Kleinanzeigen, Marktplaats within the Netherlands, Kijiji in Canada, fotocasa and InfoJobs in Spain, and 50% of fast-growing OLX Brasil. Adevinta spun off from Schibsted ASA and publicly listed in Oslo, Norway in 2019. Adevinta employs practically 7,000 individuals dedicated to supporting customers and clients day by day. Discover out extra at

For eBay:

Investor Relations Contact: 
Joe Billante 

Media Relations Contact: 
Trina Somera

For Permira:

Head of Communications
Nina Suter   

For Adevinta:

Mélodie Laroche
Company Communications
+33 (0) 6 84 30 52 76

Marie de Scorbiac / Anne-Sophie Jugean
Investor Relations

Ahead-Trying Statements

This press launch accommodates forward-looking statements regarding, amongst different issues, the longer term efficiency of eBay Inc. and its consolidated subsidiaries which can be primarily based on the corporate’s present expectations, forecasts and assumptions and contain dangers and uncertainties. These statements embrace, however should not restricted to, statements relating to the potential advantages of the transaction with Permira (the “Transaction”), the affect of the Transaction on future outcomes, the timing of the closing of the Transaction and the Firm’s plans to cut back its stake in Adevinta. Such forward-looking statements replicate eBay’s present expectations or beliefs regarding future occasions and precise occasions might differ materially from historic outcomes or present expectations. The reader is cautioned to not place undue reliance on these forward-looking statements, which aren’t a assure of future efficiency and are topic to quite a lot of uncertainties, dangers, assumptions and different elements, a lot of that are outdoors the management of eBay. The next elements, amongst others, may trigger precise outcomes to vary materially from these described in these forward-looking statements: the likelihood that regulatory and different approvals and situations to the Transaction should not acquired or happy on a well timed foundation or in any respect; modifications within the anticipated timing for closing the Transaction; and different occasions that would adversely affect the completion of the Transaction, together with the continuing COVID-19 pandemic and different trade or financial situations outdoors of our management. As well as, precise outcomes are topic to different dangers and uncertainties that relate extra broadly to eBay’s general enterprise, together with these extra totally described in eBay’s filings with the Securities and Alternate Fee (“SEC”), together with its annual report on Type 10-Okay for the fiscal 12 months ended December 31, 2020 and subsequent quarterly studies on Type 10-Q. The forward-looking statements on this doc communicate solely as of this date. We undertake no obligation to revise or replace publicly any forward-looking assertion, besides as required by regulation. 

[1] Buy worth is NOK 157, or EUR 15.20 transformed at NOK/EUR conversion price of 10.328. Implied buy worth of $18.02 transformed at USD/EUR conversion price of 1.1852
[2]Primarily based on buy worth of NOK 157, or EUR 15.20 transformed at NOK/EUR conversion price of 10.328. Implied buy worth of $18.02 transformed at USD/EUR conversion price of 1.1852