EBay, Adevinta to Offload Assets to Salvage $9.2 Billion Deal

EBay Inc. and Adevinta ASA have offered to sell off part of their classified ads business in the U.K. to try to clear Europe’s biggest new hurdle to technology deals.

EBay has offered to divest its U.K. Gumtree business, one of the country’s largest websites for free ads, as well as its Motors.co.uk site, to ease approval of its $9.2 billion deal. Adevinta is pledging to shed its Shpock app in the country. The companies’ U.K. operations are relatively small and would account for just 5% of the combined businesses’ revenue, EBay said.

The U.K.’s Competition and Markets Authority will ...