eBay Inc. Completes Asset Acquisition/Disposition

Ticker: EBAY · Form: 8-K · Filed: 2024-05-29T00:00:00.000Z

Sentiment: neutral

Topics: acquisition, disposition, assets

Related Tickers: EBAY

TL;DR

eBay just closed a deal on assets, details TBD.

AI Summary

On May 29, 2024, eBay Inc. filed an 8-K report indicating the completion of an acquisition or disposition of assets. The filing does not specify the nature of the transaction, the counterparty, or any financial details related to the event.

Why It Matters

This filing signals a change in eBay's asset structure, which could impact its operational focus or financial reporting going forward.

Risk Assessment

Risk Level: low — The filing is a standard disclosure of an asset transaction without immediate financial implications or strategic shifts detailed.

Key Players & Entities

eBay Inc. (company) — Registrant

FAQ

What specific assets were acquired or disposed of by eBay Inc.?

The filing does not specify the nature of the assets involved in the acquisition or disposition.

Who was the counterparty in this acquisition or disposition transaction?

The filing does not disclose the name of the other party involved in the transaction.

What was the financial value of the completed acquisition or disposition?

The filing does not provide any financial figures related to the transaction.

When did the completion of the acquisition or disposition occur?

The earliest event reported, indicating the completion, is May 29, 2024.

What is the purpose of this 8-K filing for eBay Inc.?

The purpose is to report the completion of an acquisition or disposition of assets as required by the SEC.

From the Filing

0001552781-24-000370.txt : 20240529 0001552781-24-000370.hdr.sgml : 20240529 20240529060316 ACCESSION NUMBER: 0001552781-24-000370 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240529 ITEM INFORMATION: Completion of Acquisition or Disposition of Assets ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240529 DATE AS OF CHANGE: 20240529 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EBAY INC CENTRAL INDEX KEY: 0001065088 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 770430924 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-37713 FILM NUMBER: 24993898 BUSINESS ADDRESS: STREET 1: 2025 HAMILTON AVENUE CITY: SAN JOSE STATE: CA ZIP: 95125 BUSINESS PHONE: 408-376-7400 MAIL ADDRESS: STREET 1: 2025 HAMILTON AVENUE CITY: SAN JOSE STATE: CA ZIP: 95125 8-K 1 e24269_ebay-8k.htm false 0001065088 0001065088 2024-05-29 2024-05-29 iso4217:USD xbrli:shares iso4217:USD xbrli:shares     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   FORM 8-K   CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934   Date of Report (Date of earliest event reported): May 29, 2024     eBay Inc.   (Exact name of registrant as specified in its charter)       Delaware 001-37713 77-0430924 (State or other jurisdiction (Commission File Number) (I.R.S. Employer of incorporation)   Identification No.)   2025 Hamilton Avenue  San Jose , California 95125   (Address of principal executive offices)   (408) 376-7108   (Registrant’s telephone number, including area code)   Not Applicable (Former name or former address, if changed since last report.)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))     Securities registered pursuant to Section 12(b) of the Act:   Title of each class Trading symbol(s) Name of exchange on which registered Common stock EBAY The Nasdaq Global Select Market       Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).   Emerging growth company ☐     If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐         Item 2.01. Completion of Acquisition or Disposition of Assets.   On May 29, 2024, eBay Inc. (“ eBay ”) completed the previously announced sale of (1) 227,115,592 shares of Adevinta ASA (“ Adevinta ”) to Aurelia BidCo 1 Norway AS (“ BidCo 1 ”) in exchange for approximately $2.4 billion in cash and (2) 177,115,591 shares of Adevinta to Aurelia Netherlands TopCo B.V. (“ TopCo ”) in exchange for the issuance of 177,115,591 shares in TopCo (collectively, the “ Transactions ”) pursuant to the Bid Conduct Agreement and the Transaction Completion Agreement, each dated as of November 21, 2023 and amended as of May 10, 2024, by and amon