eBay may sell classified ads division

eBay may sell classified ads division

© Martin BUREAU – AFP
EBay’s classifieds business could be worth about $ 10 billion

The platform would be ready to part with its classified ads activity. According to Wall street journal, EBay has contacted several potential buyers, and several companies have expressed interest. Among them, the investment companies TPG and Blackstone, and two media groups, the South African Naspers and the German Axel Springer.

The “classifieds” section allows users to sell goods and services in their region, such as Craigslist in the United States or LeBonCoin in France.

Contacted by AFP, eBay declined to comment. Its title appreciated by 1.35% this Friday on the New York Stock Exchange.

ebay facing competition from Amazon

Founded in Silicon Valley in 1995, eBay became a benchmark for online commerce in the 2000s but suffered from the rise of the giant Amazon, which also sells its own products.

In recent years, eBay has refocused on its core business, the online sale of various goods (electronics, clothing, etc.) to consumers. In 2015, the platform thus separated from the online payment service Paypal (bought in 2002), to list it on the Stock Exchange.

eBay also announced in November that it intends to sell the StubHub sports and event and show tickets resale site to Viagogo, another online ticket reseller, for $ 4 billion in cash.

According to the Wall street journal, eBay has been considering its options for selling this business for almost a year.


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