eBay said it is aware of the statement released by Adevinta regarding receipt of a non-binding indicative proposal for all the shares of Adevinta, and has expressed support for this proposal, under which eBay would retain part of its current shareholding in the company. eBay has no further comments to add.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on BX:
- Blackstone-backed group exploring bid for eBay-backed Adevinta, Bloomberg says
- eBay up 2% after report says Blackstone group exploring bid for Adevinta
- Blackstone put volume heavy and directionally bearish
- Blackstone to replace Lincoln National in S&P 500 at open on 9/18
- Blackstone being added to S&P 500 a ‘major milestone,’ says Morgan Stanley