OLX Group, an online marketplace owned by Prosus, agrees to acquire La Centrale, a French auto classifieds platform, for $1.3B in cash, expected to close in Q4
Loni Prinsloo / Bloomberg :
EQT agrees to sell 70% stake in Idealista to PE firm Cinven in a deal valuing the property classifieds site at €2.9B; EQT bought Idealista for €1.3B in 2020
Swetha Gopinath / Bloomberg :
The NYT sues OpenAI and Microsoft for copyright infringement, alleging they used millions of its articles to train AI, the first major US media outlet to sue
community responds Gaurav Girotra / Tech in Asia : NYT files copyright suit against OpenAI, Microsoft Jacob Oliver / CryptoSlate : New York Times sues Microsoft, OpenAI for alleged copyright infringem...
Dutch e-commerce company Prosus plans to exit Russia and is looking to sell Avito, its classifieds ads business in the country that analysts have valued at ~$6B
Loni Prinsloo / Bloomberg :
OpenSooq, a Jordan-based online classifieds service, raises $24M led by the Saudi Jordanian Investment Fund
Matthew Martin / Bloomberg :
Sources: European Commission will open a formal antitrust probe into Facebook to investigate if it's undermining competition in the online classifieds market
European Commission will investigate if Facebook is undermining competition in the online classifieds market
Spain-based Wallapop, an online classifieds marketplace for used items and crafts, raises $191M at an $840M valuation led by Korelya Capital
Ingrid Lunden / TechCrunch :
PE firm EQT to buy Madrid-based property classifieds site Idealista for €1.3B from Apax Partners; Idealista was valued at €235M during its acquisition in 2015
Kaye Wiggins / Financial Times :
PE firm EQT to buy Madrid-based property classifieds site Idealista for €1.3B from Apax Partners; Idealista was valued at €235M during its acquisition in 2015
Swedish buyout group to buy company for five times the price rival Apax paid five years ago
Norway-based classified ads publisher Adevinta acquires eBay's classifieds business unit in $9.2B deal
Consolidation continues apace in the world of e-commerce, and today it was the turn of the classified ads market. Today, eBay announced that it had reached a deal to sell off …