{"id":79418,"date":"2021-02-16T18:00:30","date_gmt":"2021-02-16T10:00:30","guid":{"rendered":"https:\/\/www.mediaintel.asia\/?p=264491"},"modified":"2021-02-16T18:00:30","modified_gmt":"2021-02-16T10:00:30","slug":"adevintas-deal-for-ebay-unit-raises-concerns-uk","status":"publish","type":"post","link":"https:\/\/www.chinalegalblog.com\/en\/2021\/02\/16\/adevintas-deal-for-ebay-unit-raises-concerns-uk\/","title":{"rendered":"Adevinta's deal for eBay unit raises concerns: UK"},"content":{"rendered":"<div align=\"center\"><a href=\"https:\/\/www.mediaintel.asia\/\" title=\"MediaIntel.Asia provides Media Intelligence and Media Monitoring in Asia\" ><img src=\"https:\/\/www.mediaintel.asia\/wp-content\/uploads\/mediaintelasia-logo-blackyellow-400x300-1.png\" border=\"0\"><\/a><\/div>\n<p>The U.K.'s Competition and Markets Authority said Tuesday that Adevinta ASA's anticipated $9.2 billion acquisition of eBay Classifieds Group from eBay Inc. raises competition concerns.<br \/>\nThe antitrust watchdog said it is concerned that the deal could lead to a loss of competition among Adevinta's Shpock, eBay Classifieds Group's Gumtree and eBay's marketplace, which could reduce consumer choice, increase fees or lower innovation.<br \/>\nThe CMA said eBay will acquire a 33.3% voting stake in Adevinta and positions on the Adevinta board as part of the deal, which means that it could influence the business strategy for both Gumtree and Shpock.<br \/>\nThe companies now have until Feb. 23 to offer legally binding solutions to address the CMA's concerns, the regulator said.<br \/>\nIn response, Adevinta said that it and eBay don't agree with the CMA's reasoning, but that they will work constructively with the regulator and are confident in finding a suitable resolution.<br \/>\nAdevinta said eBay Classifieds Group's U.K. business accounted for less than 10% of its revenue in 2019, and Adevinta's U.K. business accounted for only 1% of its revenue.<\/p>\n<p>This data comes from <a href=\"https:\/\/www.mediaintel.asia\/\" title=\"MediaIntel.Asia provides Media Intelligence and Media Monitoring in Asia\" >MediaIntel.Asia's Media Intelligence and Media Monitoring Platform<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.K.'s Competition and Markets Authority said Tuesday that Adevinta ASA's anticipated $9.2 billion acquisition of eBay Classifieds Group from eBay Inc. raises competition concerns.<br \/>\nThe antitrust watchdog said it is concerned that the deal could le&#8230;<\/p>\n","protected":false},"author":253,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[194],"tags":[2762,7327,10490,3402],"class_list":["post-79418","post","type-post","status-publish","format-standard","hentry","category-news-chinese-law","tag-acquisition","tag-revenue","tag-singapore-technology","tag-united-kingdom"],"_links":{"self":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/79418","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/users\/253"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/comments?post=79418"}],"version-history":[{"count":1,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/79418\/revisions"}],"predecessor-version":[{"id":79419,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/79418\/revisions\/79419"}],"wp:attachment":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/media?parent=79418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/categories?post=79418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/tags?post=79418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}