Permira, Blackstone Said To Near Nok115/Share Deal For Adevinta
Portfolio Pulse from Benzinga Newsdesk
Private equity firms Permira and Blackstone (BX) are reportedly close to finalizing a deal to acquire Adevinta at a price of NOK 115 per share, according to Bloomberg.
November 21, 2023 | 4:18 pm
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POSITIVE IMPACT
Blackstone is on the verge of acquiring Adevinta with Permira for NOK 115 per share, which could potentially expand their portfolio and influence in the market.
The news of Blackstone nearing a deal to acquire Adevinta suggests a strategic expansion and could be viewed positively by investors, likely leading to a short-term uptick in BX's stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
eBay (EBAY) may be indirectly affected by the acquisition of Adevinta by Permira and Blackstone, as eBay previously sold its classified ads business to Adevinta.
Since eBay has previously engaged in a transaction with Adevinta, the acquisition by Permira and Blackstone could have indirect implications for eBay, although the direct short-term impact on EBAY's stock is uncertain.
CONFIDENCE 75
IMPORTANCE 40
RELEVANCE 50