- July 9, 2021
- Posted by: Stratford Team
- Category: Business
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A man stands at a Mercedes-Benz dealership where he said he is considering buying a car during the coronavirus crisis on May 05, 2020 in Berlin.
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EBay completed the sale of its classified-advertising business to Norway’s
Adevinta
last month in a cash and stock deal that will let the online auctioning group boost its stock buyback program to $5 billion from $2 billion.
In a note initiating coverage,
Credit Suisse
says
Adevinta
is an outperform as the world’s largest pure-play classifieds group, and its 210 kroner ($24.03) target is the second highest of sell-side firms, according to data from S&P Capital IQ.
Adevinta is…
