eBay said it entered into amendments with BCP Aurelia Luxco S.à r.l. and other counterparties on May 10, 2024 to the Bid Conduct Agreement and Transaction Completion Agreement, dated November 21, 2023, together with its subsidiaries.

1. 01

   eBay said it entered into amendments with BCP Aurelia Luxco S.à r.l. and other counterparties on May 10, 2024 to the Bid Conduct Agreement and Transaction Completion Agreement, dated November 21, 2023, together with its subsidiaries.

2. 02

   Under the amendments, and subject to certain conditions, the company agreed to increase the number of Adevinta ASA shares sold to BidCo 1 to 227,115,592 shares in exchange for about $2.4 billion in cash.

3. 03

   The company agreed, subject to certain conditions, to reduce the number of Adevinta shares transferred to TopCo to 177,115,591 shares in exchange for new TopCo shares. The company refers to this transfer together with the sale above as the Transactions.

4. 04

   The company said that, combined, the amendments increase the cash it expects to receive at closing of the Transactions by about $270 million and lower its expected Adevinta ownership from about 20% to about 18%.

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