
Schibsted supports the voluntary offer for Adevinta, reducing its stake in Adevinta by 60%
Schibsted ASA (“Schibsted” or the “Company”) refers to the announcement made earlier today by Permira and Blackstone regarding a voluntary tender offer to acquire all of the outstanding ordinary Class A shares in Adevinta ASA (“Adevinta”) (the “Offer”), by funds advised by Permira Advisers LLP (together with the advised funds, “Permira”) and funds advised by The Blackstone Group International Partners LLP (together with the advised funds, “Blackstone”), as well as General Atlantic and TCV (collectively the “Investors”). Schibsted and eBay Inc (“eBay”) have expressed their support for the Offer.