eBay Classifieds Group Completes Acquisition of Cox Australia Media Solutions

eBay

eBay completes the acquisition of Cox Australia Media Solutions, which operates CarsGuide.com.au and Autotrader.com.au, and will become part of the eBay Classifieds Group. The deal, which combines the strength of Gumtree, CarsGuide.com.au and Autotrader.com.au, will create an attractive car-buying platform for Australian consumers. By harnessing their collective strengths, the acquisition will create a comprehensive automotive […]

eBay Classifieds Group Attracts More Interest Ahead of May 21 Interim Bidding Round

eBay Campus San Jose

Blackstone, Hellman & Friedman and Permira are in talks to team up on a bid for eBay’s mostly European classifieds division sources familiar with the matter told Dealreporter, which covers mergers and acquisitions. Other private equity firms interested in the business include Cinven, Apax, Silverlake and General Atlantic which may also look to team up […]

eBay and Activist Investment Group Starboard Value Call a Truce – For Now

eBay San Jose Circa 2018

eBay and one of its largest and most vocal shareholder investment groups, Starboard Value LP, called a truce in their ongoing battle over the future of the company. Following the hiring of Jamie Iannone as eBay’s new CEO, Starboard has withdrawn its nomination of director candidates for election at eBay’s 2020 Annual Meeting of Stockholders. […]

eBay Issues Statement on Strategic Review Process for eBay Classifieds Group

eBay Sign

eBay reacted to the story the Wall Street Journal broke that it is closing in on the sale of its Classifieds Group by issuing a statement effectively confirming the report. The company acknowledged it has been in discussion with multiple parties regarding a potential transaction. Unlike the Wall Street Journal that named interested parties, eBay […]

eBay Closer to Selling Classifieds Group – WSJ Report

eBay sign San Jose Campus

The Wall Street Journal is reporting that eBay is moving closer to find a buyer for its Classifieds Group, which includes portals such as Gumtree, Bilbasen, Motors.co.uk, eBay Kleinanzeigen, and others. According to the report, private-equity firms including TPG and Blackstone Group Inc., technology firm Naspers Ltd, and German publishing company Axel Springer SE supposedly […]

eBay to Acquire Cox Automotive Media Solutions for its Classifieds Group

eBay has agreed to acquire Cox Automotive Media Solutions, which owns CarsGuide.com.au and Autotrader.com.au, leading automotive platforms that make it easier to review, buy and sell cars in Australia. Subject to deal close, the two consumer brands will join the Gumtree Australia business, a part of the eBay Classifieds Group (eCG) portfolio. Together, Autotrader.com.au, which […]