eBay Inc. (EBAY, Financial) has announced the completion of a significant transaction involving its wholly owned subsidiary, eBay International Holding GmbH. On November 25, 2024, the company successfully sold 96,745,804 ordinary shares of Aurelia Netherlands Topco B.V. to Aurelia UK Feederco Limited, a private limited company based in England and Wales. This strategic sale was executed for approximately $1.04 billion in cash.
The proceeds from this transaction are earmarked for general corporate purposes. eBay plans to utilize the funds for a variety of strategic initiatives, including share repurchases, debt repayment, capital expenditures, and potential acquisitions. This move aligns with eBay's ongoing efforts to optimize its capital allocation strategy and enhance shareholder value.
Investors and stakeholders can expect further insights into eBay's capital allocation plans when the company reports its financial results for the fiscal year ending December 31, 2024. This update will provide a clearer picture of how eBay intends to leverage its financial resources to drive growth and innovation in the coming year.
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