eBay sells classifieds unit for $9.2 billion

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<a href="https://admiralmarkets.com/analytics/traders-blog/ebay-classifieds-sale"><img data-resize="auto" data-resize="auto" data-resize="auto" style="width:auto;" data-src="https://fxmedia.s3.amazonaws.com/articles/remote/002b406ad1bad47154d637a8a355669c.jpeg" rel="" alt="Ebay stocks"></a>
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eBay is selling its classified ads business to Norwegian company Adevinta for $9.2 billion in cash and stock. The terms of the deal will mean eBay will receive $2.5 billion in cash while also becoming the largest shareholder in Adevinta with a 44% equity stake in the company, as well as a third of the voting rights.
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The new entity will be the world's largest online classified advertising business. Did you know you can speculate on eBay's share price using Contracts for Difference (CFDs)? This allows you to potentially profit from both rising and falling markets! Get started with a <a href="https://admiralmarkets.com/start-trading/forex-demo">free demo trading account</a> today!
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The merger of eBay's classifieds business with Adevinta means the ads website will operate in 20 countries with annual revenues of around $1.8 billion. Adevinta was not the only bidder for eBay's classifieds business. Rival firm Prosus, which is a Dutch-listed entity of South Africa's Naspers, offered a $9 billion all-cash offer. Adevinta's initial bid was actually lower than this, offering $8 billion in cash and stock.
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However, eBay's chief executive James Iannone persuaded Adevinta to raise its offer after convincing directors that the company should still retain some exposure to the classifieds ads business. There has been pressure from eBay's shareholders to unload some businesses to concentrate more on its main marketplace and some say the merger could help the company save on tax.
</p><h2>How to trade eBay with Admiral Markets UK Ltd</h2><p>
If you are feeling bullish or bearish on eBay's share price you can speculate on its price direction using CFDs. To get started, follow these five simple steps:
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<li>Log in to your existing Admiral Markets trading account, or open a <a href="https://admiralmarkets.com/signup">live</a> or <a href="https://admiralmarkets.com/start-trading/forex-demo">demo trading account</a> in just a few minutes. </li>
<li>Click Trade on your chosen account which will direct you to the Admiral Markets MetaTrader Web Platform. </li>
<li>Type in eBay at the bottom of the Market Watch search box and then drag the symbol onto the chart. </li>
<li>Use the one-click trading feature on the chart or right-click on select Trading -&gt; New Order. </li>
<li>Choose your entry, stop loss and target levels and position size (volume) and then confirm the trade.</li>
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<img data-resize="auto" src="https://fxmedia.s3.amazonaws.com/articles/remote/803d0785bf01321cc34a869347cbb326.png" rel="" alt="Ebay monthly chart strategy" />
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<em>Source: Admiral Markets MetaTrader 5 Web, </em><a href="https://admiralmarkets.com/start-trading/contract-specifications/instrument/_ebay"><em>#EBAY</em></a><em>, Monthly – Data range: 1 September 1998 to 22 July 2020. Please note: Past performance is not a reliable indicator of future results. </em>
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</p><p><a href="https://admiralmarkets.com/start-trading/forex-demo"><img data-resize="auto" src="https://fxmedia.s3.amazonaws.com/articles/Demo_Account_CTA-17.png" alt="Trade With A FREE Demo Trading Account" rel="" /></a>
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