SAN
JOSE, Calif., Sept. 21,
2023 /PRNewswire/ -- eBay is aware of the
statement released by Adevinta regarding receipt of a non-binding
indicative proposal for all the shares of Adevinta, and has
expressed support for this proposal, under which eBay would retain
part of its current shareholding in the company. eBay has no
further comments to add.
About eBay
eBay Inc. (Nasdaq: EBAY) is a global
commerce leader that connects people and builds communities to
create economic opportunity for all. Our technology empowers
millions of buyers and sellers in more than 190 markets around the
world, providing everyone the opportunity to grow and thrive.
Founded in 1995 in San Jose,
California, eBay is one of the world's largest and most
vibrant marketplaces for discovering great value and unique
selection. In 2022, eBay enabled nearly $74
billion of gross merchandise volume. For more information
about the company and its global portfolio of online brands, visit
www.ebayinc.com.
Forward-Looking Statements
Certain statements herein
are "forward-looking statements" within the meaning of Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the
Exchange Act. Such forward-looking statements are often identified
by words such as "anticipate," "approximate," "believe," "commit,"
"continue," "could," "estimate," "expect," "hope," "intend," "may,"
"outlook," "plan," "project," "potential," "should," "would,"
"will" and other similar words or expressions. Such forward-looking
statements reflect eBay's current expectations or beliefs
concerning future events and actual events may differ materially
from historical results or current expectations. The reader is
cautioned not to place undue reliance on these forward-looking
statements, which are not a guarantee of future performance and are
subject to a number of uncertainties, risks, assumptions and other
factors, many of which are outside the control of eBay. The
forward-looking statements in this document address a potential
transaction involving Adevinta's shares and eBay's holdings
thereof. The following factors, among others, could cause actual
results to differ materially from those described in these
forward-looking statements: the possibilities that the non-binding
indicative proposal may not lead to a potential transaction between
the parties or that Adevinta could enter into an alternative
transaction or no transaction. In addition, actual results are
subject to other risks and uncertainties that relate more broadly
to eBay's overall business, including those more fully described in
eBay's filings with the Securities and Exchange Commission,
including its annual report on Form 10-K for the fiscal year ended
December 31, 2022 and subsequent
quarterly reports on Form 10-Q. The forward-looking statements in
this document speak only as of this date. We undertake no
obligation to revise or update publicly any forward-looking
statement, except as required by law.
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SOURCE eBay Inc.