Blackstone, Hellman & Friedman and Permira are in talks to team up on a bid for eBay’s mostly European classifieds division sources familiar with the matter told Dealreporter, which covers mergers and acquisitions.
Other private equity firms interested in the business include Cinven, Apax, Silverlake and General Atlantic which may also look to team up with bidders. According to Dealreporter sources, an interim bidding round is scheduled for May 21.
In February, before the Coronavirus crisis emerged in the U.S, the Wall Street Journal reported eBay had several interested parties in the Classifieds Group.
It was believed the eBay Classifieds Group could fetch around $10 billion, but it is unclear if the valuation can still hold.
eBay has not responded to this report as it broke this afternoon. This is a developing story.
Subscribe to Our Newsletter
We do not sell your information.
You can unsubscribe at any time.
Head over to our Facebook Group for Small Business Marketplace Sellers and interact with us and other small business owners. Follow us on Facebook, Twitter, or LinkedIn to stay up to date with relevant news and business insights for your online business.