Vend Marketplaces ASA

Regulatory Filings • Jun 18, 2021

Schibsted ASA (SCHA/SCHB) - Austrian regulatory approval and commencement of closing of Adevinta's acquisition of eBay Classifieds Group

Schibsted ASA (SCHA/SCHB) - Austrian regulatory approval and commencement of closing of Adevinta's acquisition of eBay Classifieds Group

18.6.2021 10:59:51 CEST | Schibsted | Inside information

Following an announcement by the Austrian Federal Competition Authorities (the

"FCA") today, Schibsted ASA confirms that the FCA has approved the remedies

proposed by Adevinta ASA ("Adevinta") and eBay Inc. ("eBay") to resolve the

competition concerns raised by the FCA in relation to Adevinta's acquisition of

eBay Classifieds Group ("eCG"), the global classifieds arm of eBay ("the

transaction").

The remedies proposed by Adevinta and eBay address the FCA's concern that the

transaction could potentially lessen competition in the Austrian market between

eBay.at - http://ebay.at and Willhaben, Adevinta's joint venture business in

Austria. The commitments include a reduction by eBay of its financial interest

in Adevinta to at least 33% within 18 months following closing of the

transaction, so as to reduce its indirect economic interest in Willhaben.

Additionally, Adevinta has agreed to prevent the flow of information about

Willhaben to eBay, as well as to restrict eBay's potential influence over the

strategic operations of Willhaben.

Approval of the remedies from the FCA marks a significant milestone, as all

regulatory approvals required for closing the transaction have now been

received. Consequently, Adevinta announces that closing of the transaction will

be initiated shortly and is expected to complete on or about 25 June 2021.

Schibsted's acquisition of eBay Classifieds' Danish businesses, DBA.dk -

http://dba.dk and Bilbasen.dk - http://bilbasen.dk, will be completed

immediately upon closing of the transaction between Adevinta and eBay.

Schibsted remains supportive of the proposed transaction and looks forward to

closing.

The companies involved will make further announcements once the transactions

have been completed.

Oslo, 18 June 2021

SCHIBSTED ASA

Contacts

Adevinta:

Mélodie Laroche

Head of Corporate Communications, Adevinta

+33 (0) 6 84 30 52 76

melodie.laroche@adevinta.com / press@adevinta.com

Schibsted:

Atle Lessum

Head of Group Communications

+47 415 05 645

atle.lessum@schibsted.com

Malin Langtvet

Investor Relations Officer

+47 916 86 710

ir@schibsted.com

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to Section

5-12 of the Norwegian Securities Trading Act.

ABOUT SCHIBSTED

Schibsted is a family of digital brands with a strong Nordic position, and more

than 5,000 employees. Millions of people enjoy interacting with our companies

every day through our online marketplaces such as FINN, Blocket and Oikotie; our

media houses including Aftenposten, VG and Aftonbladet; and digital services

like Lendo. We also help new promising businesses grow. Our joint mission of

empowering people in their daily lives is rooted in the values of our media

heritage and a legacy of bold change. At our best, we are a fearless force for

change in a society built on trust and transparency.

Schibsted is listed on Oslo Børs and holds a majority ownership in Adevinta, a

company that was spun off and publicly listed as a separate company on Oslo Børs

in 2019.

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/17847482/646/860/Download%20announcement%2

0as%20PDF.pdf