eBay amends Adevinta stake deal, raising expected cash by about $270 million
eBay and its affiliates signed amendments to agreements covering its Adevinta ASA stake. eBay would sell 227,115,592 Adevinta shares for about $2.4 billion in cash and transfer 177,115,591 shares to TopCo in exchange for new TopCo shares. The filing says the changes raise the cash eBay expects at closing by about $270 million but reduce its expected ownership in Adevinta from about 20% to about 18%.
Key points
- Amendments dated May 10, 2024 change the Bid Conduct Agreement and Transaction Completion Agreement, both originally dated November 21, 2023.
- Share sale to BidCo 1 increases to 227,115,592 Adevinta shares for about $2.4 billion in cash.
- Shares transferred to TopCo decrease to 177,115,591 in exchange for new TopCo shares.
- Expected cash at closing rises by about $270 million, while expected Adevinta ownership falls from about 20% to about 18%.
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 10, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.