18.6.2021 10:59:51 CEST | Schibsted | Inside information

Following an announcement by the Austrian Federal Competition Authorities (the
"FCA") today, Schibsted ASA confirms that the FCA has approved the remedies
proposed by Adevinta ASA ("Adevinta") and eBay Inc. ("eBay") to resolve the
competition concerns raised by the FCA in relation to Adevinta's acquisition of
eBay Classifieds Group ("eCG"), the global classifieds arm of eBay ("the
transaction").



The remedies proposed by Adevinta and eBay address the FCA's concern that the
transaction could potentially lessen competition in the Austrian market between 
eBay.at - http://ebay.at and Willhaben, Adevinta's joint venture business in
Austria. The commitments include a reduction by eBay of its financial interest
in Adevinta to at least 33% within 18 months following closing of the
transaction, so as to reduce its indirect economic interest in Willhaben.
Additionally, Adevinta has agreed to prevent the flow of information about
Willhaben to eBay, as well as to restrict eBay's potential influence over the
strategic operations of Willhaben.



Approval of the remedies from the FCA marks a significant milestone, as all
regulatory approvals required for closing the transaction have now been
received. Consequently, Adevinta announces that closing of the transaction will
be initiated shortly and is expected to complete on or about 25 June 2021.



Schibsted's acquisition of eBay Classifieds' Danish businesses, DBA.dk -
http://dba.dk and Bilbasen.dk - http://bilbasen.dk, will be completed
immediately upon closing of the transaction between Adevinta and eBay.



Schibsted remains supportive of the proposed transaction and looks forward to
closing.



The companies involved will make further announcements once the transactions
have been completed.





Oslo, 18 June 2021

SCHIBSTED ASA





Contacts



Adevinta:

Mélodie Laroche 

Head of Corporate Communications, Adevinta

+33 (0) 6 84 30 52 76

melodie.laroche@adevinta.com / press@adevinta.com



Schibsted:

Atle Lessum

Head of Group Communications

+47 415 05 645 

atle.lessum@schibsted.com





Malin Langtvet

Investor Relations Officer

+47 916 86 710

ir@schibsted.com

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act.

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