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EBay Nearing Sale Of Classified-Ads Business

EBay is close to selling its classified-ads business to Norwegian company Adevinta, The Wall Street Journal reports. “A cash-and-stock deal could be announced as soon as Monday assuming the talks don’t fall apart,” it writes. “The price of the deal couldn’t be learned but the eBay unit was expected to sell for roughly $8 billion or more.”

Read the whole story at The Wall Street Journal »

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