![]() News story: Adevinta’s purchase of Gumtree raises competition concerns (16.2.21)ġ7 December 2020: The CMA announced the launch of its merger inquiry by notice to the parties.This merger will be referred for a phase 2 investigation unless the parties offer acceptable undertakings to address these competition concerns. The CMA considers that there are reasonable grounds for believing that the undertakings offered by Adevinta and eBay, or a modified version of them, might be accepted by the CMA under the Enterprise Act 2002.ġ6 February 2021: The CMA has decided, on the information currently available to it, that it is or may be the case that this merger may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom. offered undertakings to the CMA, which involve divesting Adevinta’s Shpock and eBay’s UK Gumtree business (including .uk). Undertakings in Lieu of reference consultation: closed Ģ7 April 2021: We are consulting on proposed undertakings in lieu of a reference for the anticipated acquisition by Adevinta ASA of eBay Classifieds Group from eBay Inc., and eBay Inc.’s acquisition of a minority stake in Adevinta ASA.Įxtension of consideration of undertakings in lieuĢ7 April 2021: The CMA has extended the consideration of undertakings in lieu until 28 June 2021.Ģ March 2021: Adevinta ASA and eBay Inc. Undertakings in lieu of reference acceptedĢ June 2021: The CMA has accepted undertakings in lieu of reference for the anticipated acquisition by Adevinta ASA of eBay Classifieds Group from eBay Inc., and eBay Inc.’s acquisition of a minority stake in Adevinta ASA. This brings the merger investigation to a close. ![]() Undertakings in lieu of reference acceptedģ December 2021: The purchase of Gumtree UK (including .uk) by a consortium consisting of O3 Industries and Novum Capital was approved by the CMA and completed on 30 November 2021. ![]()
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