The company said it completed the sale of 227,115,592 Adevinta ASA shares to Aurelia BidCo 1 Norway AS on May 29, 2024, receiving about $2.4 billion in cash as consideration.

1. 01

   The company said it completed the sale of 227,115,592 Adevinta ASA shares to Aurelia BidCo 1 Norway AS on May 29, 2024, receiving about $2.4 billion in cash as consideration.

2. 02

   eBay also said it completed the same day the sale of 177,115,591 Adevinta shares to Aurelia Netherlands TopCo B.V., receiving 177,115,591 TopCo shares in exchange.

3. 03

   The company said it plans to use the cash proceeds from the transactions for general corporate purposes, which may include share repurchases, debt repayment, capital expenditures and possible acquisitions. It said it will share its next update on capital allocation when it reports results for the quarter ended June 30, 2024.

4. 04

   The company said the transactions were executed on November 21, 2023 under the Bid Conduct Agreement and Transaction Completion Agreement, as amended on May 10, 2024. It said the required pro forma financial information will be filed by amendment to Item 9.01(b).

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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