Feb 16, 2021

Gumtree Shpock tie-up could raise fees and reduce choice

EBay's sale of Gumtree to Shpock owner Adevinta could lead to "Higher prices and less choice", says the Competition and Market Authority. Under the terms of the £6.5bn deal, eBay is to get a 33.3% voting stake and a seat on the board of its rival. The CMA is concerned that eBay will have influence over both businesses. After reviewing eBay's internal documents at the time when the decision was made to sell, the CMA said there would have been a realistic chance that eBay would sell Gumtree to a different purchaser without retaining its influence. The biggest marketplace for people to sell used and new goods to each other is eBay, which charges a fee for listings.

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