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    EBAY   US2786421030

EBAY INC.

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eBay : UK competition watchdog approves Adevinta acquisition of eBay classified ads unit

06/02/2021 | 02:32am EDT
FILE PHOTO: An eBay sign at an office building in San Jose, California

LONDON (Reuters) - Britain's competition watchdog on Wednesday approved Norway's Adevinta's planned acquisition of U.S. e-commerce group eBay's classified ads business.

The Competition and Markets Authority said in a statement it would not refer the acquisition or eBay's purchase of a minority stake in Adevinta to further investigation.

The two companies said in March they 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.

Adevinta in a statement welcomed the CMA move, and said it targeted completion of the acquisition in the second quarter this year, subject to regulator approval in Austria.

(Reporting by Tom Wilson; Editing by Dhara Ranasinghe)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ADEVINTA ASA 0.00% 178.3 Real-time Quote.23.85%
EBAY INC. -3.12% 65.87 Delayed Quote.35.32%
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Financials (USD)
Sales 2021 12 032 M - -
Net income 2021 2 088 M - -
Net Debt 2021 4 948 M - -
P/E ratio 2021 22,2x
Yield 2021 1,05%
Capitalization 46 326 M 46 326 M -
EV / Sales 2021 4,26x
EV / Sales 2022 3,90x
Nbr of Employees 12 700
Free-Float 38,4%
Chart EBAY INC.
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eBay Inc. Technical Analysis Chart | EBAY | US2786421030 | MarketScreener
Technical analysis trends EBAY INC.
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 31
Last Close Price 68,00 $
Average target price 68,51 $
Spread / Average Target 0,75%
EPS Revisions
Managers and Directors
Jamie Iannone President, Chief Executive Officer & Director
Stephen J. Priest Chief Financial Officer & Senior Vice President
Paul S. Pressler Chairman
Mazen Rawashdeh Chief Technology Officer & Senior Vice President
Molly Finn Chief Compliance Officer & Vice President
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