Axel Springer, Naspers and Adevinta Reported To have Started eBay Classifieds Bidding

May 27, 2020
Share this Post: 

As we reported two weeks ago eBay has put its classifieds division up for sale and anyone who’s anyone in the world of mega classifieds players is in the mix to snap it up along with a litany of venture capital firms. It has now been reported by the Financial Times that Axel Springer has lodged a bid with the backing of American private equity firm KKR. 

A potential deal for eBay Classifieds has been reported to be in the region of $8bn to $10bn but with the share prices of classifieds companies around the world still suffering from huge falls in March, the appetite of financiers to stump up the money may have waned.

Unsurprisingly, Axel Springer, Naspers and eBay themselves are not commenting at this stage and we will have to wait and see who walks away with the business.

May 27, 2020
Edmund got to know the world of portals and marketplaces working at Mitula Group (which became Lifull Connect after the buyout in 2018). He worked directly with hundreds of portals across the world in his role in the content department for three and a half years before transferring to the SEO department to understand the inner workings of listings sites. He joined Online Marketplaces as Head of Content in March 2020.

Subscribe to our mailing list to get news updates!

Enter your email address and get updates from Online Marketplaces.

Related News

Recognition for 'Fast-Growing' Signifi Media

Australian online and digital marketing solutions company Signifi Media has been listed in a prestigious report. The Australian Financial Review’s...

Read More
Lpw Colombo
LankaPropertyWeb Launches Guide to Buying and Selling Property in Sri Lanka

Leading Sri Lankan property portal LankaPropertyWeb has released a guide to buying and selling property in the island nation. Designed...

Read More
Casap Appointment Booking
French PropTech Casap Raises €2.2 Million and Plans to Launch a New Portal

Parisian PropTech startup Casap (formerly Scoppe) has announced that it has raised €2.2 million in seed funding and that it...

Read More
Nobroker Unicorn
Indian FSBO Vertical NoBroker Ties Up Funding Round to Become a PropTech Unicorn

Indian housing marketplace NoBroker has announced that it has raised $210 million dollars in a Series E funding round and...

Read More

Popular News