ADEVF - eBay Classifieds Will Potentially Convert Prosus Or Adevinta Into An International Classifieds Monster
Hypothesis
eBay (EBAY) is about to sell its classifieds unit, which as a standalone is one of the biggest players in the industry. Prosus (PROSF) (PROSY) and Adevinta (ADEVF) (MKPEF) would both benefit from the deal since eBay Classifieds Group's portfolio offers an outstanding geographical fit.
Introduction
We all know that history quite often repeats itself. Back in 2014/15, eBay was forced to carve out its payment services PayPal (PYPL) by activist investors Paul Icahn and Dan Loeb. Since 2019, it is Paul Singer who wanted eBay to spin off its profitable subsidiaries StubHub (ticket