eBay Nears $8 Billion Deal for Its Classifieds Unit
eBay (NASDAQ: EBAY) is said to be in advanced negotiations to merge its classified ads business, according to a report in The Wall Street Journal, as well as in other publications. The deal with Norwegian online marketplace Adevinta could value the eBay's unit for $9 billion or more.
The cash-and-stock agreement could be announced as early as Monday and would also give eBay a "significant" minority stake in the combined company, according to "people familiar with the matter." The merger could result in billions in tax savings that would be due if eBay simply sold the business.
Image source: eBay.
Source Fool.com
