Norwegian firm Adevinta buys eBay classifieds unit in £7.25bn deal

450 new jobs at eBay

EBay is selling its classifieds business to Norway’s Adevinta in a deal worth 9.2 billion dollars (£7.25 billion) that will create the world’s largest online classifieds group, the companies have said.

The US company will get 2.5 billion dollars (£1.97 billion) in cash and become the largest shareholder in Adevinta, with a 44% equity stake and a third of the voting rights.