---
schema_version: "secwatch.filing_event.v1"
accession: "0001552781-23-000462"
form_type: "8-K"
ticker: "EBAY"
cik: "0001065088"
company_name: "EBAY INC"
filed_at: "2023-11-21T23:59:59+00:00"
generated_at: "2026-06-07T22:28:28.833141+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# eBay supports Permira/Blackstone offer for Adevinta; to sell 50% stake for $2.2B cash, retain 20%

## Summary
- eBay will sell 50% of its Adevinta shares for ~$2.2B cash and exchange remaining for ~20% equity stake in privatized company.
- The offer values eBay's entire Adevinta stake at ~$4.3B, a ~$1.5B premium over pre-speculation value.
- For 6 months post-close, Permira/Blackstone can purchase additional shares from eBay for >$1B, reducing eBay's stake to ~9.99%.
- Transaction expected to close in Q2 2024, subject to >90% minimum acceptance and regulatory approvals.
- eBay intends to use proceeds for general corporate purposes; remains committed to returning ~125% of cumulative FCF to shareholders (2022-2024).

## SEC filing metadata
- accession: 0001552781-23-000462
- form_type: 8-K
- ticker: EBAY
- cik: 0001065088
- company_name: EBAY INC
- filed_at: 2023-11-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1065088/000155278123000462/0001552781-23-000462-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1065088/000155278123000462/e23468_ebay-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001552781-23-000462
- JSON: https://secwatch.observer/filing/0001552781-23-000462.json
- Plain text: https://secwatch.observer/filing/0001552781-23-000462.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.