Merger Update: Adevinta/eBay

RNS Announcement

RNS Number : 9248I

Competition and Markets Authority

17 December 2020

Start of CMA Merger Investigation: Anticipated acquisition by Adevinta ASA of eBay Classifieds Group from eBay Inc., and eBay Inc.'s acquisition of a minority stake in Adevinta ASA

The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

The CMA announced the launch of its merger inquiry by notice to the Parties on 17 December 2020 and has a deadline of 16 February 2021 for its phase 1 decision.

For Publicity:

The full title of the Merger Case:

Anticipated acquisition by Adevinta ASA of eBay Classifieds Group from eBay Inc., and eBay Inc.'s acquisition of a minority stake in Adevinta ASA

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RNS metadata

Title: Merger Update: Adevinta/eBay
Time: 07:00:04
Date: 17 Dec 2020
Category: Acquisitions and alliances
ID: 9248I