At Adevinta, we believe everything and everyone has a purpose in life. Our selection of digital brands unlock the full value in every person, place and thing by creating perfect matches on the world’s most trusted marketplaces.
Sustainability is in our DNA, and we are recognised as a global sustainability leader by DJSI Europe. By providing marketplaces where people buy and sell second-hand goods, we contribute to the circular economy and help people live more sustainably.
At Adevinta we'll stay ahead of the curve by using innovation, curiosity and technology to develop products that help everyone and everything find new purpose.
We're all about matchmaking, and we take the same approach to hiring. But it's not just about finding the right skills for the job. It's also about making sure the role and the culture are the right match too.
We care about gaining and keeping the trust of our users, customers and stakeholders by acting responsibly, promoting sustainability and protecting the environment.
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.
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Oslo, 2 June 2021 – Following an announcement by the UK Competition and Markets Authority (“CMA”) today, Adevinta ASA (ADE) (“Adevinta”) confirms that the CMA has accepted the undertakings which have been proposed by Adevinta and eBay Inc to resolve the competition concerns raised by the CMA. Consequently, the CMA has approved Adevinta’s acquisition of eBay Classifieds Group (“eCG”) in accordance with the terms of those undertakings, which comprise the divestment of each company’s primary classifieds operations in the UK: Shpock (in the case of Adevinta) and Gumtree UK and Motors.co.uk (in the case of eCG).
Adevinta is also pleased to announce that it has reached an agreement to sell Shpock to Russmedia Equity Partners (“Russmedia”) and the transaction is expected to close today. Russmedia plans to continue the development of Shpock into a leading digital platform for classified advertising.
Adevinta continues to target completion of the acquisition of eBay Classifieds Group in Q2 2021, subject to regulatory approval in Austria.
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