Merger Update: Adevinta/eBay

CMA to look at Adevinta/eBay undertakings offer in detail

Adevinta/eBay

On 16 February 2021 the CMA announced that it is or may be the case that the above Merger may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom.

On 23 February 2021, Adevinta ASA and eBay Inc. offered undertakings to the CMA, which involve divesting Adevinta's Shpock and eBay's UK Gumtree business (including Motors.co.uk). The CMA has considered the undertakings offered and today announced that it considers that there are reasonable grounds for believing that the undertakings offered, or a modified version of them, might be accepted by the CMA to remedy the substantial lessening of competition identified by the CMA.

The CMA now has until 29 April 2021 to decide whether to accept the undertakings, with the possibility to extend this timeframe to 28 June 2021 if it considers there are special reasons for doing so.

The text of this decision will be placed on the Competition and Markets Authority's web site at https://www.gov.uk/cma-cases as soon as is reasonably practical.

In the event of media enquiries please email Press@cma.gov.uk.