Deals

Prosus Seeks to Resume M&A Drive With EBay Classifieds Bid

EBay division could be valued at up to $10 billion in sale
Naspers-owned Prosus tipped to fend off private equity bidders

A Prosus flag flies outside the Amsterdam Stock Exchange.Photographer: Jasper Juinen/Bloomberg

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By Dinesh Nair

June 30, 2020 at 5:16 PM UTC

Updated on

July 1, 2020 at 10:05 AM UTC

This article is for subscribers only.

Prosus NV is hoping EBay Inc. classifieds won’t be the auction that got away.

Having lost an $8 billion battle to buy Just Eat Plc to Takeaway.com NV in January, the e-commerce group is the party to beat in a hotly-contested auction process for the EBay business, according to people familiar with the matter.