Private equity to buy eBay-backed classifieds business Adevinta for $13 billion

Private equity firms Blackstone and Permira on Tuesday said that they plan launch a takeover tender for Adevinta, an Oslo-listed classifieds business backed by eBay that would be valued at around $13 billion.

Why it matters: eBay, an e-commerce pioneer, is seeking to keep pace with rival marketplaces that have evolved beyond classifieds.