eBay completes Adevinta sale; pro forma shows $2.4B cash, $1.858B TopCo stake

EBAY INC

Sold 227M Adevinta shares for ~$2.4B cash and 177M shares for TopCo stock valued at $1.858B.
Cash & equivalents rise to $4.56B from $2.13B; equity investment in Adevinta ($4.24B) removed.
Pro forma Q1 2024 net income $624M vs. reported $439M; EPS $1.21 vs. $0.85.
Pro forma FY 2023 net income $1.369B vs. reported $2.775B; eliminates $1.782B Adevinta gain.
Granted six-month option to sell TopCo shares; exercise would reduce ownership to ~8.3%.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.