CMA raised its concerns after its Phase 1 investigation of the planned acquisition, stating that the merger could lead to a loss of competition between Shpock, Gumtree and eBay’s marketplace. The UK Competition and Market Authority (CMA) has raised concerns over the deal between Adevinta ASA (OSLO: ADE) and eBay Inc ( NASDAQ: EBAY). A statement from Adevinta on February 16 revealed that their $9.2 billion planned acquisition of eCG, eBay’s classified ad business hangs in the balance after the CMA raised a red flag about the deal. The British…
UK Authorities Show Concern over $9.2B Deal between eBay and Adevinta
