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Scout24 says eyeing eBay's classifieds business

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Capital Markets View – January 2021


Scout24 says eyeing eBay's classifieds business

German real estate and automotive marketplace Scout24 AG is interested in taking over eBay Inc.'s classifieds business, the company confirmed during its March 25 earnings call to discuss its results for the fourth quarter of 2018.

Responding to an analyst's question, Scout24 CFO Christian Gisy said the company is considering acquiring eBay's classifieds business because of its assets "that are not only relevant to only Germany, but also in other countries."

In Germany, eBay operates mobile.de, a platform for used cars.

Gisy's statement comes less than a month after eBay announced that it will launch a review of its operations, including its StubHub and classifieds businesses, amid pressure from activist shareholders Elliott Management Corp. and Starboard Value LP.

In January, Elliott estimated that eBay's classifieds group was valued at $8 billion to $12 billion.

Scout24 is the subject of a takeover bid by Hellman & Friedman LLC and Blackstone Group LP.