- Combined group will have solid market positions across 20 markets, covering 1 billion people with 3 billion monthly visits - $9.2 billion cash and stock deal to make eBay the largest shareholder of Adevinta - eBay will receive $2.5 billion of cash and 540 million shares of Adevinta, representing 44% ownership of the pro forma company and a ~33.3% voting stake eBay Inc. (NASDAQ: EBAY ) and . The acquisition which gives Adevinta control of brands such as Gumtree, Kijiji, Autotrader, DBA, and Marktplaats makes the Norwegian firm the world's largest online classifieds group. But it's not just about finding the right skills for the job. If Permira exercises the option, eBay's ownership in Adevinta will reduce to 33%. Adevinta is an international family of local digital marketplaces. Adevinta is a European online classifieds leader with a Growing at Scale strategy. Forward Looking StatementsThis press release contains forward-looking statements relating to, among other things, the future performance of eBay Inc. and its consolidated subsidiaries that are based on the company's current expectations, forecasts and assumptions and involve risks and uncertainties. US e-commerce giant eBay has sold its classified-ads business to Norwegian competitor Adevinta in a $9.2 billion deal. Cision Distribution 888-776-0942 3 marketplace operator with $1.8 billion in revenue, behind Japan-based Recruit Holdings' HR Tech division and the China-based horizontal giant 58.com. Grupo ZAP is the result of the merger of ZAPImveis and Viva Real in 2017.
Through our technology, talent and trusted brands, we create perfect matches that help everyone and everything find a new purpose, supporting sustainable consumption. Adevinta announces Pricing of Senior Secured Notes and Term Loan B The process started when Schibsted's Board of directors decided to initiate a process to reorganize the company into two growth-oriented companies in 2018. More information about factors that could affect the company's operating results is included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the company's most recent Annual Report on Form 10-K and subsequent quarterly reports on Form 10-Q, copies of which may be obtained by visiting the company's Investor Relations website at https://investors.ebayinc.com or the SEC's website at www.sec.gov. Oslo, 30 March 2022 Adevinta ASA (ADE) has today announced the completion of the sale of its 76.2% stake in InfoJobs Brazil, the largest jobs marketplace in Brazil, to Redarbor, the leading company in job marketplaces in Latin America with the purpose of connecting companies to top talent across the region. These cookies will be stored in your browser only with your consent. SAN JOSE, Calif., June 25, 2021 /PRNewswire/ --eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of buyers and sellers around the world, today announced that it has completed the transfer of its Classifieds business to Adevinta in exchange for $2.5 billion in cash and a 44% equity stake in Adevinta, equivalent to approximately 540 million shares. About us | Adevinta Our main focus is on investment in five core markets of Germany, France, Spain, Benelux and Italy and to expand on our leading sector positions in Motors and Real Estate. TRANSACTION AGREEMENT. The price represents an approximate 7% discount to the 10-day volume weighted average price (VWAP) of Adevinta shares as of July 12, and a 5% discount to the 30-day VWAP as of July 12. 10-K, we mean eBay Inc. and its consolidated subsidiaries. When typing in this field, a list of search results will appear and be automatically updated as you type. Adevinta is a European online classifieds leader with a Growing at Scale strategy. These cookies track visitors across websites and collect information to provide customized ads. OLX Brazil had approximately R$ 350 million in net revenues in 2019 and is continuously increasing profitability. About Adevinta is a digital marketplace that provides online classifieds services. Leading brands include top-ranked leboncoin in France, Germany's leading classifieds sites mobile.deand eBay Kleinanzeigen, Marktplaats in the Netherlands, Kijiji in Canada, fotocasa and InfoJobs in Spain, and 50% of fast-growing OLX Brasil. , , , , , , Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, eBay Motors Expands Installation Services For Tire Buyers, eBay Launches Training Camp for Sports Trading Card Collectors. Although Schibsted plans to retain a significant ownership position in Adevinta, the new, separately listed company will have a simplified governance structure with no ownership or voting limitations. eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of buyers and sellers around the world, today announced that it has completed the transfer of its Classifieds business to Adevinta in exchange for $2.5 billion in cash and a 44% equity stake in Adevinta, equivalent to approximately 540 million shares. ARRAffinity cookie is set by Azure app service, and allows the service to choose the right instance established by a user to deliver subsequent requests made by that user. Adevintas portfolio spans more than 40 digital brands, covering one billion people and attracting approximately three billion average monthly visits. We care about gaining and keeping the trust of our users, customers and stakeholders by acting responsibly, promoting sustainability and protecting the environment. Bing sets this cookie to recognize unique web browsers visiting Microsoft sites. SEC.gov | HOME
February 7, 2022 LinkedIn Share The French subsidiary of online classifieds giant Adevinta has confirmed that it is looking to lay off or reassign some 137 of its current staff of around 1,500. These two new growth companies will pursue independent agendas to further increase speed, focus and ability to scale. Adevinta is a global online classifieds specialist, operating digital marketplaces in 11 countries. March 30, 2022 11:00 ET
For more information, visit www.permira.com. Adevinta has issued a total of 238,401,761 new shares divided into 107,747,388 A-shares and 130,654,373 B-shares (the "Consideration Shares"), representing approximately 35% of the issued shares in Adevinta following completion of the two demergers. From start-ups to market leaders, uncover what they do andhow they do it. Get the inside scoop on todays biggest stories in business, from Wall Street to Silicon Valley delivered daily. Hasznltaut.hu is Hungary's leading vehicle classifieds site featuring a wide range of active ads, including machinery, motorcycles, buses and even ships. This change represents an important strategic step forward for Schibsted, as it allows the two new entities to set out their best strategic courses individually. The forward-looking statements in this release do not include the potential impact of any acquisitions or divestitures that may be announced and/or completed after the date hereof.
The sites mission is to help people improve their professional careers and enable companies to find the best talent. eBay Signs Agreement to Sell Part of its Adevinta Stake to Permira Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. . We also use third-party cookies that help us analyze and understand how you use this website. The price represents an approximate 7% discount to the 10-day volume weighted average price (VWAP) of Adevinta shares as of July 12, and a 5% discount to the 30-day VWAP as of July 12. Adevinta spun off from Schibsted ASA and publicly listed in Oslo, Norway in 2019. Adevinta employs 6,300 people committed to supporting users and customers daily. Every day, we empower millions of individuals to make sustainable choices and fight the war on waste. The completion of this transaction results in after tax net cash proceeds of approximately $2 billion. Adevinta began its journey as a standalone global online classifieds specialist company in 2019, operating digital marketplaces in 11 countries. The company provides technology-based services to connect buyers with sellers and to facilitate transactions, from job offers to real estate, cars, consumer goods and more. Schibsted ASA (SCHA/SCHB) - Schibsted's subsidiary Adevinta This does not affect any Austrian online platform, but partly online platforms that are also used by Austrian users to a limited extent.
Adevinta buys eBay's classifieds unit in $9.2 billion deal The forward-looking statements in this release do not include the potential impact of any acquisitions or divestitures that may be announced and/or completed after the date hereof. As a result of completion of the Schibsted Demerger: Schibsted's share capital was reduced by NOK 28,881,246.548 by reducing the nominal value of the shares to NOK 0.379. Leading brands include top-ranked leboncoin in France, InfoJobs and Milanuncios in Spain, and 50% of fast-growing OLX in Brazil. , . Necessary cookies are absolutely essential for the website to function properly. Our technology and teams connect buyers and sellers, helping people find jobs, homes, cars, consumer goods and more. Grupo ZAP has the mission to transform the way the real estate market operates through technology. It does not store any personal data. See More Acquisitions & Subsidiaries. The site was founded by David Gonzlez Castro in 2004. YSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages. Sign up to get PRNs top stories and curated news delivered to your inbox weekly! The cookie is used to store the user consent for the cookies in the category "Performance". The assets are centred around Germany, France, and Spain, Adevinta said in a statement. The Permira funds have an extensive track record in investing at the intersection of consumer/prosumer and technology, having backed Allegro, Mirakl, TeamViewer, Klarna, LegalZoom, Flixbus, Ancestry, Catawiki, Boats Group, The Knot Worldwide, BestSecret, Zwift and Magento. These cookies will be stored in your browser only with your consent. Find out more at Adevinta.com. Adevinta | Leading Online Classifieds in 11 countries Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. This cookie is set by GDPR Cookie Consent plugin. Today, Schibsted's subsidiary Adevinta announced that OLX Brazil, the 50/50 joint venture between Adevinta ASA (OSE: ADE) and Prosus NV (AMS: PRX), and one of the fastest growing tech companies in Brazil, has entered into an agreement to acquire 100 percent of the shares of Grupo ZAP for a total cash amount of approximately R$ 2.9 billion. The company also has software HR products for talent acquisition such as the ATS SherlockHR and Shermind Partners, and HolmesHR, for talent management. The cookie is used to store the user consent for the cookies in the category "Performance". Actual results could differ materially from those predicted or implied and reported results should not be considered as an indication of future performance. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. Adevinta ASA (ADE) - Mandatory notification of trade - GlobeNewswire Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. But opting out of some of these cookies may affect your browsing experience. This cookie is set by GDPR Cookie Consent plugin. The company provides technology-based services to connect buyers with sellers and to facilitate transactions, from job offers to real estate, cars, consumer goods and more. The Consideration Shares was issued to the shareholders of Schibsted registered in Schibsted's shareholders register with the VPS as at 11 April 2019 (the "Record Date"). The new company will be well equipped to play an active role in any structural development of the online classifieds industry. Cision Distribution 888-776-0942 In 2020, eBay enabled $100 billion of gross merchandise volume. Global e-commerce giant EBay has completed the sale of a stake in Adevinta, the Oslo-based marketplace operator, for approximately 2.1 billion ($2.3 billion U.S.). Adevinta's portfolio spans more than 40 digital brands, covering one billion people and attracting approximately three billion average monthly visits. Forward-Looking StatementsThis press release contains forward-looking statements relating to, among other things, the future performance of eBay Inc. and its consolidated subsidiaries that are based on the company's current expectations, forecasts and assumptions and involve risks and uncertainties. Building leading destinations for buying, selling, and exchanging products and services, it operates more than 20 consumer brands including Avito, letgo, and OLX. For more information, visit www.olxgroup.com. Automatically receive eBay Inc. financial information by email. Bing sets this cookie to recognize unique web browsers visiting Microsoft sites. The sale of InfoJobs Brazil to Redarbor is part of Adevintas Growing at Scale strategy, announced in November 2021. Eligible holders of A-shares in Schibsted will receive one A-share in Adevinta for each A-share registered as held in Schibsted on the Record Date and eligible holders of B-shares in Schibsted will receive one B-share in Adevinta for each B-share registered as held in Schibsted on the Record Date. Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Such forward-looking statements reflect eBay's current expectations or beliefs concerning future events and actual events may differ materially from historical results or current expectations. Sign up for News Alerts to receive occasional emails about eBay corporate announcements. Oslo, 25 June 2021 - Adevinta ASA (ADE) ("Adevinta" or the "Company") today announces that it has completed its acquisition of eBay Classifieds Group ("eCG"), the classifieds arm of eBay Inc.. YouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data. With Grupo ZAP, OLX Brazil will be able to offer its users more than 12 million listings from more than 40,000 real estate agencies and thousands of private listers, as well as allowing its advertisers to reach a larger audience. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously. Adevinta at a glance. These statements include, but are not limited to, statements regarding the potential benefits of the transaction with Permira (the "Transaction"), the impact of the Transaction on future results, the timing of the closing of the Transaction and the Company's plans to reduce its stake in Adevinta. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. Find out more about how you could make a lasting impact at Adevinta. Retrieved 2022-03-18. Its portfolio spans 36 digital products and websites, attracting 1.5 billion average monthly visits. This cookie is set by GDPR Cookie Consent plugin. Closing is expected in the second half of 2020. About PermiraPermira is a leading global investment firm focused on growth at scale. In 2018, Grupo ZAP had net revenues of R$ 217 million and EBITDA of R$ -18 million, with an average of 28 million visits per month in 2019. The pattern element in the name contains the unique identity number of the account or website it relates to. Please reference the 8-K eBay filed today for further information. It will also receive $2.5 billion in cash. Leading brands include top-ranked leboncoin in France, Germany's leading classifieds sites mobile.deand eBay Kleinanzeigen, Marktplaats in the Netherlands, Kijiji in Canada, fotocasa and InfoJobs in Spain, and 50% of fast-growing OLX Brasil. Adevinta ASA (ADE) - Adevinta completes acquisition of eBay - GlobeNewswire OLX Brazil plays a pivotal role in building a better world through a socially & environmentally responsible business model. These statements include, but are not limited to, statements regarding the potential benefits of the transaction with Adevinta ASA (the "Transaction"), the impact of the Transaction on future results, the Companys stock buyback activity and plans to reduce the Companys stake in Adevinta. In addition, actual results are subject to other risks and uncertainties that relate more broadly to eBay's overall business, including those more fully described in eBay's filings with the Securities and Exchange Commission ("SEC"), including its annual report on Form 10-K for the fiscal year ended December 31, 2020 and subsequent quarterly reports on Form 10-Q. The reader is cautioned not to place undue reliance on these forward-looking statements, which are not a guarantee of future performance and are subject to a number of uncertainties, risks, assumptions and other factors, many of which are outside the control of eBay. We undertake no obligation to revise or update publicly any forward-looking statement, except as required by law. A message from the CEO.
The cookies is used to store the user consent for the cookies in the category "Necessary". Tel: +47 415 08 733, Discover our media resources, brand assets, guidelines, photos and more. En vous inscrivant la newsletter, vous consentez la rception de contenus de notre part. The A-shares and B-shares in Adevinta will from 10 April 2019 be traded under the tickers "ADEA" and "ADEB", respectively, on the Oslo Stock Exchange with ISIN NO0010843998 and ISIN NO0010844038, respectively. It is expected that the Consideration Shares will be delivered and made available to eligible shareholders on the trading day after the Record Date, expected to be on or about 12 April 2019. It operates sections for cities and urban regions, for posting local advertisements. International bonds: Adevinta, 3% 15nov2027, EUR XS2249894234 Download Copy to clipboard Guaranteed, Senior Unsecured Status Outstanding Amount 400,000,000 EUR Learn more. Adevinta spun off from Schibsted ASA and publicly listed in Oslo, Norway in 2019. The investment will be equally financed by OLX Brazils two existing shareholders, with Adevinta financing its share through existing bank facilities. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: the possibility that regulatory and other approvals and conditions to the Transaction are not received or satisfied on a timely basis or at all; changes in the anticipated timing for closing the Transaction; and other events that could adversely impact the completion of the Transaction, including the ongoing COVID-19 pandemic and other industry or economic conditions outside of our control. Under its recent agreement with Austrian regulators, eBay committed to reduce itsownership in Adevinta to 33% to secure approval for the eBay Classifieds Group and Adevinta transaction. Corporate Governance > Read. The cookie is used to store the user consent for the cookies in the category "Analytics". However, Schibsted as a majority owner will support an amalgamation into only one share class in due course. "With the acquisition of eBay Classifieds Group, Adevinta becomes the largest online classifieds company globally, with a unique portfolio of leading marketplace brands," Adevinta CEO, Rolv Erik Ryssdal, said in a statement. Founded in 1995 in San Jose, California, eBay is one of the world's largest and most vibrant marketplaces for discovering great value and unique selection. Adevinta ASA Locations - Headquarters & Offices - GlobalData Adevinta employs around 7,500 people committed to supporting users and customers daily. Adevinta Company Profile - Craft The Company has agreed to reduce its ownership stake in Adevinta to 33% or less over the next 18 months, as part of remedies it proposed to resolve the competition concerns raised by the Austrian regulatory authorities. Adevinta ASA ("Adevinta") acquires from eBay Inc. ("eBay"; Adevinta and eBay together "the Parties") 100% of eBay's global online classifieds business (eBay Classifieds Group, "eCG"). EnquiriesCassandra Lord, Director of Communications, Adevinta. Read the latest news and updates from Adevinta. This cookie is set by GDPR Cookie Consent plugin. Were helping to shape a more sustainable future by changing the way people buy and sell online. from 8 AM - 9 PM ET. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". 2021-06-25. These cookies ensure basic functionalities and security features of the website, anonymously. Please reference the 8-K eBay filed today for further information. Founded in 1995 in San Jose, California, eBay is one of the world's largest and most vibrant marketplaces for discovering great value and unique selection. At Adevinta, we believe everything and everyone has a purpose in life. Today, on 9 April 2019, after the close of trading on the Oslo Stock Exchange, completion of both the Schibsted Demerger and the SMM Demerger, and the changes in the share capital of Schibsted and Adevinta, were registered with the Norwegian Registry of Business Enterprises. It's also about making sure the role and the culture are the right match too. Sustainability is in our DNA, and we are recognised as a global sustainability leader by DJSI Europe. Fri 16 Jul, 2021 - 12:52 PM ET Fitch Ratings - Moscow - 16 Jul 2021: Fitch Ratings has assigned Adevinta ASA a final Long-Term Issuer Default Rating of 'BB' with a Stable Outlook. This cookie is set by GDPR Cookie Consent plugin. About AdevintaAdevinta is a leading online classifieds specialist, operating digital marketplaces in 15 countries. the future performance of eBay Inc. and its consolidated subsidiaries that are based on the . Adevinta's leboncoin Group finalises the acquisition of Argus Group The acquisition enables leboncoin Group to create the most extensive offer in France's online second-hand car market.