Home » Blackstone and Permira to buy Adevinta for about $13 bln

Blackstone and Permira to buy Adevinta for about $13 bln

FILE PHOTO: Signage is seen outside the Blackstone Group headquarters in New York City, U.S., January 18, 2023. REUTERS/Jeenah Moon/File Photo/File Photo Acquire Licensing Rights

Nov 21 (Reuters) – Permira and Blackstone (BX.N) on Tuesday said that they will acquire eBay-backed online classifieds group Adevinta ASA (ADEA.OL) for about 141 billion Norwegian crowns ($13.06 billion).

The companies have offered to pay Adevinta shareholders 115 Norwegian crowns per share.

As part of the deal, eBay (EBAY.O) said it would sell 50% of its shares for an estimated $2.2 billion and would exchange the remaining shares for an equity stake of about 20% in the newly privatized company.

Norway’s Adevinta had set up an independent committee in October to review an acquisition offer from an investor consortium led by Permira and Blackstone.

($1 = 10.7960 Norwegian crowns)

Reporting by Shivani Tanna in Bengaluru
Editing by David Goodman and Marguerita Choy

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