On Friday, Adevinta announced that its deal to acquire eBay's Classifieds division is finally complete.
It's been almost a year since Schibsted offshoot Adevinta announced the biggest classifieds deal in the history of our industry. Adevinta's acquisition of eBay's classifieds division was worth $9.2 billion and sees eBay retain a minority stake in its Classifieds division as well as taking equity of Adevinta.
It's a very important deal for European online classifieds companies with a lot of brands affected and it's also a deal that has rumbled on and generated a lot of headlines. We've summarised the deal's history and impact on the real estate classifieds market in Europe in the infographic and timeline below.
Activist eBay investors Starboard Value and Elliott Management put pressure on eBay’s management to divest assets, even entering into a cooperation agreement with the company in March 2019
Adevinta is rumoured to be among a group of large international classifieds companies (including Naspers/Prosus and Axel Springer) bidding for eBay's Classifieds division.
Adevinta and eBay announce $9.2 billion deal which will see eBay retain a minority stake in its classifieds division and take equity in Adevinta.
With the deal announced, activist investor Starboard Value sells off a big chunk of its eBay shares
Former Leboncoin boss Alexandre Collinet appointed by Adevinta to start leading the integration of eBay Classifieds
Revelation that British competition authorities want to have a closer look at the deal
UK authorities announce that they want the two parties to commit to divestments of competing assets Schpock, Gumtree and Motors.co.uk
UK authorities give the green light for the deal to ahead and then the deal clears the final regulatory hurdle in Austria before being officially announced as done a week later