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2021-06-18

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Adevinta, eBay clear final hurdle in $13 bln advertising tie-up

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Norway's Schibsted will hold around 39.5% of the votes.</p>\n<p>But as part of the deal with Austria's Federal Competition Authority (FCA), eBay must reduce its financial interest in Adevinta to no more than 33% within 18 months of the transaction's closing, Adevinta said.</p>\n<p>\"The remedies proposed by Adevinta and eBay address the FCA's concern that the transaction could potentially lessen competition in the Austrian market,\" the company said.</p>\n<p>Adevinta's shares were up 2.0% to 165.7 Norwegian crowns at 0917 GMT.</p>\n<p>As part of the overall deal, Schibsted will buy eBay Classifieds Group's Danish assets from Adevinta for $330 million. </p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Adevinta, eBay clear final hurdle in $13 bln advertising tie-up</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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Norway's Schibsted will hold around 39.5% of the votes.\nBut as part of the deal with Austria's Federal Competition Authority (FCA), eBay must reduce its financial interest in Adevinta to no more than 33% within 18 months of the transaction's closing, Adevinta said.\n\"The remedies proposed by Adevinta and eBay address the FCA's concern that the transaction could potentially lessen competition in the Austrian market,\" the company said.\nAdevinta's shares were up 2.0% to 165.7 Norwegian crowns at 0917 GMT.\nAs part of the overall deal, Schibsted will buy eBay Classifieds Group's Danish assets from Adevinta for $330 million.","news_type":1},"isVote":1,"tweetType":1,"viewCount":381,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["TWX","TIME"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":10,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/166294807"}