Adevinta To Buy EBay Classifieds In $9.2 Bln Cash, Stock Deal; Stock Up

Shares of Adevinta ASA gained around 39 percent after the Norway-based online classifieds specialist agreed to acquire the Classifieds business of eBay Inc. in $9.2 billion cash and stock deal. The transaction, which would create the world's largest online classifieds company, will also make eBay the largest shareholder of Adevinta.