--A consortium led by Permira and Blackstone is reconsidering its pursuit of eBay-backed online classifieds company, Adevinta, as the market outlook has worsened since news of their bid first emerged in September, according to people with knowledge of the matter, Bloomberg reports.

--The buyout firms are planning to take the transaction back to their investment committees to discuss whether they still want to continue, the people said to Bloomberg.

Full story: https://tinyurl.com/3s5jfj3m

At 1055 GMT Adevinta shares were down 11% at NOK92.40. Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

October 23, 2023 07:25 ET (11:25 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
eBay (NASDAQ:EBAY)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more eBay Charts.
eBay (NASDAQ:EBAY)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more eBay Charts.