Adevinta. Our main focus is on investment in five core markets of Germany, France, Spain, Benelux and Italy and to expand on our leading sector positions in Motors and Real Estate. We exist to enable economic opportunity for individuals, entrepreneurs, businesses and organizations of all sizes. The cookie is used to store the user consent for the cookies in the category "Performance". SAN JOSE, Calif., July 14, 2021 /PRNewswire/ --eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of buyers and sellers around the world, today announced that it has reached an agreement withPermira to sell approximately 125 million shares of its stake in Adevinta for an estimated total consideration of $2.25 billion1. Implied purchase price of $18.02 converted at USD/EUR conversion rate of 1.18522Based on purchase price of NOK 157, or EUR 15.20 converted at NOK/EUR conversion rate of 10.328. The company also has software HR products for talent acquisition such as the ATS SherlockHR and Shermind Partners, and HolmesHR, for talent management. Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. For more information about the company and its global portfolio of online brands, visitwww.ebayinc.com. ]. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. This change represents an important strategic step forward for Schibsted, as it allows the two new entities to set out their best strategic courses individually. The Permira funds have made over 250 private equity investments in four key sectors: Technology, Consumer, Services and Healthcare. Permira employs over 350 people in 15 offices across Europe, North America, and Asia. The sale of InfoJobs Brazil to Redarbor is part of Adevintas Growing at Scale strategy, announced in November 2021. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: the possibility that regulatory and other approvals and conditions to the Transaction are not received or satisfied on a timely basis or at all; changes in the anticipated timing for closing the Transaction; and other events that could adversely impact the completion of the Transaction, including the ongoing COVID-19 pandemic and other industry or economic conditions outside of our control. Head Office Adevinta ASA Country Norway Address Grensen 5, Oslo, 0159 Phone Number 47 2 2864410 Website www.adevinta.com Other Locations & Subsidiaries Adevinta Ventures Spain Leading brands include top-ranked leboncoin in France, Germany's leading classifieds sites mobile.de and eBay Kleinanzeigen, Marktplaats in the Netherlands, Kijiji in Canada, fotocasa and InfoJobs in Spain, and 50% of fast-growing OLX Brasil. Read the latest news and updates from Adevinta. willhaben 's eSport team, Austrian Force willhaben, dominated the "A1 Austrian eSports Festival 2023," emerging as champions in both "League of Legends" and . On April 10 2019 Adevinta Schibsteds international marketplaces was introduced at the Norwegian stock exchange as a separate company. Adevinta is a global online classifieds company with generalist, real estate, cars, jobs and other internet marketplaces in 16 countries, connecting buyers seeking goods or services with a large base of sellers. It's estimated to facilitate approximately 17 million trades every month, ranging from cars and furniture to electronics and clothing. But it's not just about finding the right skills for the job. This cookie is set by GDPR Cookie Consent plugin. These cookies will be stored in your browser only with your consent. To subscribe, click on the button below and copy the URL into an RSS reader. According to the IAB (Interactive Advertising Bureau) Brazil, in 2018 the industry represented an estimated investment of R$ 16.1 billion, with online classifieds forming just 10% of that. Adevinta is a European online classifieds leader with a Growing at Scale strategy. To continue browsing the website you must accept or configure the cookies that will be applied to your navigation.For more information, you can review our Cookie Policy. We undertake no obligation to revise or update publicly any forward-looking statement, except as required by law. Fri 16 Jul, 2021 - 12:52 PM ET Fitch Ratings - Moscow - 16 Jul 2021: Fitch Ratings has assigned Adevinta ASA a final Long-Term Issuer Default Rating of 'BB' with a Stable Outlook. eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of buyers and sellers around the world, today announced that it has completed the transfer of its Classifieds business to Adevinta in exchange for $2.5 billion in cash and a 44% equity stake in . Fernando Sanchez, Senior Agile Coach, Global Product & Tech. These statements include, but are not limited to, statements regarding the potential benefits of the transaction with Adevinta ASA (the "Transaction"), the impact of the Transaction on future results, the Companys stock buyback activity and plans to reduce the Companys stake in Adevinta. The completion of this transaction results in after tax net cash proceeds of approximately$2 billion. It does not store any personal data. OLX Group is the online classifieds business of Prosus, a global consumer internet group and one of the largest technology investors in the world. Such forward-looking statements reflect eBay's current expectations or beliefs concerning future events and actual events may differ materially from historical results or current expectations. Our RSS feed includes all eBay news articles published on this website. 1 Leading brands include top-ranked leboncoin in France, Germany's leading classifieds sites mobile.deand eBay Kleinanzeigen, Marktplaats in the Netherlands, Kijiji in Canada, fotocasa and InfoJobs in Spain, and 50% of fast-growing OLX Brasil. The new company will be well equipped to play an active role in any structural development of the online classifieds industry. In Brazil since 2010, OLX Brazil's shareholders are two of the main technology investors in the world: Adevinta ASA (50%) - listed in Norway and majority owned by Schibsted ASA - and Prosus N.V. (50%) - listed in the Netherlands and majority owned by Naspers Ltd. OLX Brazil's mission is to empower people to achieve their dreams reinventing the way they buy and sell online. The pattern element in the name contains the unique identity number of the account or website it relates to. CPTO Peter Maas talked at The Next Web Conference and Machine Learning Specialist Anna Via at GOTO, two tech events in Amsterdam in June. The sites mission is to help people improve their professional careers and enable companies to find the best talent. Rolv Erik Ryssdal, CEO of Adevinta, said: InfoJobs Brazil has seen incredible growth in recent years, developing into the leading jobs marketplace in the country. Analytical cookies are used to understand how visitors interact with the website. Schibsted has a history of utilizing new technology, creating new services, developing new markets with potential for significant value creation and adapting to rapidly changing markets. The company provides technology-based services to connect buyers with sellers and to facilitate transactions, from real estate to motors, and consumer goods. US e-commerce giant eBay has sold its classified-ads business to Norwegian competitor Adevinta in a $9.2 billion deal. Our main focus is on investment in five core markets of Germany, France, Spain, Benelux and Italy and to expand on our leading sector positions in Motors and Real Estate. Founded in 1985, the firm advises funds with total committed capital of approximately US$50bn (44bn) and makes long-term majority and minority investments. We are pleased to finalize the deal between Adevinta and eBay Classifieds, where the combination of these two companies will create a leading global online classifieds business, said Jamie Iannone, Chief Executive Officer, eBay. About eBayeBay Inc. (Nasdaq: EBAY) is a global commerce leader that connects millions of buyers and sellers in 190 markets around the world. A variation of the _gat cookie set by Google Analytics and Google Tag Manager to allow website owners to track visitor behaviour and measure site performance. This TRANSACTION AGREEMENT (this "Agreement"), dated as of July 20, 2020, is by and between eBay Inc., a Delaware corporation ("Parent") and Adevinta ASA, a public company with limited liability organized under the laws of Norway ("Purchaser").Parent and Purchaser are referred to herein, individually, as a "Party," and, collectively, as the "Parties." The acquisition of Grupo ZAP promises to advance the real estate sector in Brazil, and develop technology that better serves all our customers. Martin Scheepbouwer, CEO of OLX Group, the classifieds business of Prosus, says: We are excited to take our partnership in Brazil into a new stage of growth. This cookie is set by Windows Azure cloud, and is used for load balancing to make sure the visitor page requests are routed to the same server in any browsing session. This cookie is set by GDPR Cookie Consent plugin. Sustainability is in our DNA, and we are recognised as a global sustainability leader by DJSI Europe. Find out more atAdevinta.com. The company assumes no obligation to update such statements. This cookie is used for advertising, site analytics, and other operations. California-based eBay's transfer of its ad business follows a push from activist investors Elliott Management and Starboard Value to prioritize the company's core online auction site, The Times reported. Adevinta employs 6,300 people committed to supporting users and customers daily. Company receives cash and shares, increases 2021 share repurchase plan. 1Purchase price is NOK 157, or EUR 15.20 converted at NOK/EUR conversion rate of 10.328. The ANONCHK cookie, set by Bing, is used to store a user's session ID and also verify the clicks from ads on the Bing search engine. Find out more at Adevinta.com. By providing marketplaces where people buy and sell second-hand goods, we contribute to the circular economy and help people live more sustainably. Rolv Erik Ryssdal, CEO of Adevinta, comments: Expanding in territories where we see significant growth opportunities is a key pillar of Adevintas strategy. Adevinta is focusing its portfolio to drive growth in its five core European markets and accelerate innovation across its products and services. Forward-Looking StatementsThis press release contains forward-looking statements relating to, among other things, the future performance of eBay Inc. and its consolidated subsidiaries that are based on the company's current expectations, forecasts and assumptions and involve risks and uncertainties. Further, Schibsted's share capital was increased by NOK 28,881,246.548 by way of a capitalisation issue in accordance with the Companies Act 10-20, through increasing the nominal value of the shares to NOK 0.50. Adevinta ASA The price represents an approximate 7% discount to the 10-day volume weighted average price (VWAP) of Adevinta shares as of July 12, and a 5% discount to the 30-day VWAP as of July 12. This cookie is set by GDPR Cookie Consent plugin. These statements include, but are not limited to, statements regarding the potential benefits of the transaction with Permira (the "Transaction"), the impact of the Transaction on future results, the timing of the closing of the Transaction and the Company's plans to reduce its stake in Adevinta. It will also receive $2.5 billion in cash. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to the company on the date hereof. Leading brands include top-ranked leboncoin in France, Germany's leading classifieds sites mobile.de and eBay Kleinanzeigen, Marktplaats in the Netherlands, fotocasa and InfoJobs in Spain, and 50% of fast-growing OLX Brasil. ZAPImveis was created in 2000 and is indirectly owned by some of Grupo Globos shareholders since 2013, while Viva Real, on its turn, was launched in 2009. Adevinta at a glance. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. Adevinta, listed on the Oslo stock exchange under the ticker ADE, is an impressive international marketplace business, spanning multiple continents and verticals. The company has 7 offices worldwide and more than 430 employees.About InfoJobs BrazilWith an average of 12 million unique monthly users and 44 million candidates registered, InfoJobs is the leading job marketplace in Brazil. YSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages. The price represents an approximate 7% discount to the 10-day volume weighted average price (VWAP) of Adevinta shares as of July 12, and a 5% discount to the 30-day VWAP as of July 12. But opting out of some of these cookies may affect your browsing experience. This cookie is set by GDPR Cookie Consent plugin. | Source: We invest in companies with tangible traction, a potential to scale beyond their domestic market, and who we can support with more than just financial resource. IFRS . The company does this through technology designed locally, helping its users to buy and sell almost anything in a safe, transparent, smart and convenient way. The investment will be equally financed by OLX Brazils two existing shareholders, with Adevinta financing its share through existing bank facilities. Adevinta is a global online classifieds specialist, operating digital marketplaces in 16 countries. Initially Adevinta will inherit Schibsted ASAs structure with A- and B-shares carrying different voting. When typing in this field, a list of search results will appear and be automatically updated as you type. These cookies track visitors across websites and collect information to provide customized ads. Our marketplaces are well-known and well-respected in their local communities, trusted to make transacting online simple. Sustainability Report > Read. Bing sets this cookie to recognize unique web browsers visiting Microsoft sites. We're all about matchmaking, and we take the same approach to hiring. This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Schibsted will continue to be a company of leading digital consumer brands with footprints in the Nordics, comprising the media and growth companies in Norway and Sweden as well as the marketplaces Finn in Norway, Blocket in Sweden, and Tori in Finland. About AdevintaAdevinta is a global online classifieds specialist, operating digital marketplaces in 16 countries. This cookie is set by Windows Azure cloud, and is used for load balancing to make sure the visitor page requests are routed to the same server in any browsing session. These cookies ensure basic functionalities and security features of the website, anonymously. We are a global classifieds specialist, with online marketplaces in 11 countries. It does not store any personal data. Today, on 9 April 2019, after the close of trading on the Oslo Stock Exchange, completion of both the Schibsted Demerger and the SMM Demerger, and the changes in the share capital of Schibsted and Adevinta, were registered with the Norwegian Registry of Business Enterprises. Used by Microsoft Advertising as a unique ID for visitors. Each classifieds brand has its own unique identity, provides a range of services and plays an integral role in empowering sellers, buyers, renters and job seekers to find their perfect match. This cookie is set by GDPR Cookie Consent plugin. This cookie is used for advertising, site analytics, and other operations. As described in the demerger plan and information brochure of 24 January 2019, the separation of the Adevinta Business from Schibsted is effected through two demergers: 1) the demerger of Schibsted and transfer of the remaining 35% of the Adevinta Business to Adevinta against transfer of consideration shares to the shareholders of Schibsted as f. The Permira funds have an extensive track record in investing at the intersection of consumer/prosumer and technology, having backed Allegro, Mirakl, TeamViewer, Klarna, LegalZoom, Flixbus, Ancestry, Catawiki, Boats Group, The Knot Worldwide, BestSecret, Zwift and Magento. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. Oslo, Oslo, Norway 1001-5000 Post-IPO Equity Public www.adevinta.com/ 2,656 Highlights Stock Symbol FRA:AD5B Acquisitions 1 Total Funding Amount 1.9B Contacts 120 Employee Profiles 17 Investors 1 Find More Contacts for Adevinta Protected Content Proceeds from this reduction will be deployed in a manner consistent with eBay's capital allocation tenets and targets. Corporate Governance > Read. Forward Looking StatementsThis press release contains forward-looking statements relating to, among other things, the future performance of eBay Inc. and its consolidated subsidiaries that are based on the company's current expectations, forecasts and assumptions and involve risks and uncertainties. Its portfolio spans 36 digital products and websites, attracting 1.5 billion average monthly visits. Adevinta spun off from Schibsted ASA and publicly listed in Oslo, Norway in 2019. The sale to Redarbor will also enable Adevinta to focus on the next stage of our growth, as we continue to build momentum in our five core European markets. Cision Distribution 888-776-0942 Grupo ZAP has the mission to transform the way the real estate market operates through technology. | Source: EnquiriesCassandra Lord, Director of Communications, Adevinta. TRANSACTION AGREEMENT. For more information, you can review our Cookie Policy. Online marketplace eBay announced the sale of its classified-ads group on Tuesday to Norwegian peer Adevinta in a dealworth $9.2 billion. Adevinta's portfolio spans more than 40 digital brands, covering one billion people and attracting approximately three billion average monthly visits. Top Companies in France. an offering of approximately 1,060 million aggregate principal amount of senior secured notes (the "Notes"); and; a new senior secured Term Loan B facility consisting of a 900 million EUR-denominated tranche (the "EUR TLB") and a $506 million U.S. dollar-denominated tranche (the "USD . The Permira funds have made over 250 private equity investments in four key sectors: Technology, Consumer, Services and Healthcare. YouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data. With trusted brands in leading market positions, Adevinta runs a resilient business model at the centre of the second-hand economy. About RedarborRedarbor is an international company with headquarters in Barcelona, leader in job marketplaces in Latin America with a presence in more than 25 countries. I am very confident in the success of this acquisition because of the great potential I see in Infojobs Brazil, together with Computrabajo and our software HR solutions. The cookie is used to store the user consent for the cookies in the category "Analytics". Find out more at Adevinta.com. . According to an AIM Group analysis, using 2019 figures, the newly formed Adevinta / EBay Classifieds group will become the world's No. OLX Brazil and Grupo ZAP, currently among the most relevant players in the online real estate classifieds and advertising sector in Brazil, are highly complementary platforms. Oct 7, 2019. , . We exist to enable economic opportunity for individuals, entrepreneurs, businesses and organizations of all sizes. All marketplaces operations outside of the Nordics are now established in the independent, listed company Adevinta. About AdevintaAdevinta is a leading online classifieds specialist, operating digital marketplaces in 15 countries.
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