eBay amends Adevinta sale deal; boosts cash proceeds by ~$270M to ~$2.4B

EBAY INC

Sells 227,115,592 Adevinta shares to BidCo 1 for ~$2.4B cash (up ~$270M vs original).
Transfers 177,115,591 Adevinta shares to TopCo in exchange for new TopCo shares.
Expected ownership in Adevinta reduced from ~20% to ~18% post-closing.
Amendments dated May 10, 2024; modify Nov 21, 2023 Bid Conduct and Transaction Completion Agreements.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

EBAY INC amended Amendments with BCP Aurelia Luxco S.à r.l., Aurelia UK Feederco Limited, Aurelia Netherlands TopCo B.V., Aurelia BidCo Norway AS, Aurelia BidCo 1 Norway AS (effective 2024-05-10).

Action: amendment
Agreement: equity purchase
Counterparty: BCP Aurelia Luxco S.à r.l., Aurelia UK Feederco Limited, Aurelia Netherlands TopCo B.V., Aurelia BidCo Norway AS, Aurelia BidCo 1 Norway AS
Effective: 2024-05-10

Exact text from the filing

idCo incorporated under the laws of Norway (“ BidCo 1 ”) entered into amendments (the “ Amendments ”) to the Bid Conduct Agreement dated as of November 21, 2023 and the Transaction Completion Agreement

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EBAY INC filing history →

Source: SEC EDGAR

accession 0001552781-24-000306

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