Permira and Blackstone offer to acquire Adevinta
- Permira and Blackstone offer to buy all outstanding shares of Adevinta for $13 billion
- EBay agrees to sell half of its stake in Adevinta for $2.2 billion
- Remaining shares to be exchanged for 20% equity stake in Adevinta
- Adevinta’s stock up 5% in Norway
- Deal expected to be completed in the second quarter
Permira and Blackstone have made an offer to buy all outstanding shares of Adevinta, a Norway-based online classified advertising company, for $13 billion. EBay has agreed to sell half of its stake in Adevinta for $2.2 billion and will exchange the remaining shares for a 20% equity stake in the company. Adevinta’s stock has seen a 5% increase in Norway. The deal is expected to be completed in the second quarter.
Factuality Level: 8
Factuality Justification: The article provides factual information about the offer made by Permira and Blackstone to buy Adevinta’s outstanding shares. It includes statements from EBay’s CEO and the independent special committee’s review of the deal. The article does not contain any obvious bias or misleading information.
Noise Level: 3
Noise Justification: The article provides relevant information about the offer to buy Adevinta’s outstanding shares and the involvement of Permira, Blackstone, and eBay. It includes quotes from eBay’s CEO and mentions the premium offered for the shares. However, it lacks in-depth analysis, scientific rigor, and actionable insights.
Financial Relevance: Yes
Financial Markets Impacted: Adevinta’s stock (ADE, ADEVY), Permira, Blackstone Inc., eBay Inc.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The news article pertains to financial topics as it discusses the offer by Permira and Blackstone Inc. to buy all outstanding shares of Adevinta, as well as eBay’s decision to sell half of its stake in Adevinta. However, there is no mention of an extreme event or its impact.
Public Companies: Adevinta (ADE, ADEVY), Blackstone Inc. (BX), EBay Inc. (EBAY)
Key People: Jamie Iannone (EBay Chief Executive)
Reported publicly:
www.marketwatch.com 
