UK Regulator Starts Investigation Into EBay's Classified-Ads Business Sale to Adevinta
17 December 2020 - 8:47PM
Dow Jones News
By Ian Walker
The U.K. Competition and Markets Authority said Thursday that it
is starting an investigation into Adevinta ASA's acquisition of
eBay Inc.'s classified-ads business to see if the deal will lead to
a lessening of competition in the country.
The regulator has set a deadline of Feb. 16 for a decision.
EBay agreed to sell its classified-ads business to Norway's
Adevinta ASA for $9.2 billion in cash and stock in July.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
December 17, 2020 04:32 ET (09:32 GMT)
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