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EBay Trims Adevinta Stake For $2.25B To Comply In Austria

By Emma Whitford ( July 14, 2021, 2:35 PM EDT) -- Online marketplace eBay, led by Wachtell Lipton Rosen & Katz, announced Wednesday that it plans to sell at least 10% of its stake in Norwegian marketplace site Adevinta to private equity firm Permira, through a $2. 25 billion all-cash deal intended to bring eBay in line with Austrian competition regulations.  . . .

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