eBay Inc. filed SEC Form 8-K: Completion of Acquisition or Disposition of Assets, Financial Statements and Exhibits
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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 among eBay, eBay International Holding GmbH, a wholly owned subsidiary of eBay, eBay International Management B.V., a wholly owned subsidiary of eBay, BCP Aurelia Luxco S.à r.l., Aurelia UK Feederco Limited, TopCo, Aurelia BidCo Norway AS (“BidCo”) and BidCo 1. BidCo 1 is a wholly owned subsidiary of BidCo incorporated under the laws of Norway, BidCo is a wholly owned subsidiary of TopCo incorporated under the laws of Norway, and TopCo is a private limited company incorporated under the laws of the Netherlands. eBay intends to use the cash proceeds from the Transactions for general corporate purposes, which may include share repurchases, repayment of indebtedness, capital expenditures, and possible acquisitions. eBay expects to share its next update on its overall plans for capital allocation when it reports its financial results for the quarter ended June 30, 2024.
The foregoing description of the Bid Conduct Agreement and the Transaction Completion Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Bid Conduct Agreement, the Transaction Completion Agreement and each of the amendments thereto, respectively, which are attached as Exhibit 2.1, Exhibit 2.2, Exhibit 2.3 and Exhibit 2.4 to this Current Report on Form 8-K and incorporated herein by reference in their entirety.
Item 9.01. Financial Statements and Exhibits.
(b) Pro Forma Financial Information.
Any required pro forma financial information with respect to the Transactions will be filed by amendment to this Item 9.01(b).
(d) Exhibits.
The following materials are attached as exhibits to this Current Report on Form 8-K:
| † | Schedules have been omitted pursuant to Item 601(b)(2) of Regulation S-K. The registrant hereby undertakes to furnish supplementally copies of any of the omitted schedules upon request by the SEC; provided, however, that the parties may request confidential treatment pursuant to Rule 24b-2 of the Exchange Act for any document so furnished. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| eBay Inc. | |
| (Registrant) | |
| Date: May 29, 2024 | /s/ Molly Finn |
| Name: Molly Finn | |
| Title: Vice President & Deputy General Counsel, Corporate & Assistant Secretary |