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eBay Inc NASDAQ:EBAY NASDAQ Common Stock
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  -0.54 -0.88% 60.90 60.65 60.70 10,258 12:30:49

UK Regulator Starts Investigation Into EBay's Classified-Ads Business Sale to Adevinta

17/12/2020 9:47am

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By Ian Walker


The U.K. Competition and Markets Authority said Thursday that it is starting an investigation into Adevinta ASA's acquisition of eBay Inc.'s classified-ads business to see if the deal will lead to a lessening of competition in the country.

The regulator has set a deadline of Feb. 16 for a decision.

EBay agreed to sell its classified-ads business to Norway's Adevinta ASA for $9.2 billion in cash and stock in July.


Write to Ian Walker at


(END) Dow Jones Newswires

December 17, 2020 04:32 ET (09:32 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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