|Bid||134.65 x N/A|
|Ask||134.70 x N/A|
|Day's range||128.00 - 134.70|
|52-week range||80.60 - 183.00|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||11 Feb 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
U.S. e-commerce group eBay and Norway's Adevinta planned to sell three smaller British units in order to secure regulatory approval for a long-planned tie-up of their global classified ads businesses, the two firms said on Tuesday. Britain's Competition and Markets Authority (CMA) said last month Adevinta and eBay would have to resolve the watchdog's concerns before proceeding with their $9.2 billion deal. In response, Adevinta and eBay said on Tuesday they had proposed to sell each company's primary classifieds operations in Britain, namely Shpock, Gumtree and Motors.co.uk.
Last month, the UK Competition and Markets Authority said Adevinta’s anticipated purchase of eBay Classified Group could lead to higher prices and less choice for consumers.
eBay's $9.2bn Gumtree deal raises competition concerns, says CMAPurchase by Shpock owner Adevinta could lead to less choice for consumers, says watchdog Gumtree was founded in 2000 by two former City traders, who sold the website to eBay in 2005. Photograph: Gumtree