Online & Digital
Ebay’s sale of Gumtree sparks concern by CMA
As part of the deal, Ebay will receive £1.8bn of cash and 540 million shares of Adevinta, representing 44% ownership of the pro forma company and a 33.3% voting stake as well as positions on the board
The Competitions and Markets Authority (CMA) has raised concerns that Adevinta’s anticipated £6.5bn purchase of Gumtree from Ebay could lead to higher prices and less choice for consumers.
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