Form 8-K - Current report
29 5월 2024 - 7:03PM
Edgar (US Regulatory)
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2024-05-29
2024-05-29
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to
Section 13 or 15(d) of
the Securities
Exchange Act of 1934
Date of Report
(Date of earliest event reported): May 29, 2024
eBay Inc.
(Exact name
of registrant as specified in its charter)
|
|
|
Delaware |
001-37713 |
77-0430924 |
(State
or other jurisdiction |
(Commission
File Number) |
(I.R.S.
Employer |
of
incorporation) |
|
Identification
No.) |
2025 Hamilton
Avenue
San Jose,
California 95125
(Address of
principal executive offices)
(408) 376-7108
(Registrant’s
telephone number, including area code)
Not Applicable
(Former name
or former address, if changed since last report.)
Check the appropriate
box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
| ☐ | Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title of each class |
Trading symbol(s) |
Name of exchange on which registered |
Common stock |
EBAY |
The Nasdaq Global Select Market |
Indicate by check mark whether the
registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter)
or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
2.01. Completion of Acquisition or Disposition of Assets.
On May 29, 2024, eBay Inc. (“eBay”) completed the previously
announced sale of (1) 227,115,592 shares of Adevinta ASA (“Adevinta”) to Aurelia BidCo 1 Norway AS (“BidCo
1”) in exchange for approximately $2.4 billion in cash and (2) 177,115,591 shares of Adevinta to Aurelia Netherlands TopCo B.V.
(“TopCo”) in exchange for the issuance of 177,115,591 shares in TopCo (collectively, the “Transactions”)
pursuant to the Bid Conduct Agreement and the Transaction Completion Agreement, each dated as of November 21, 2023 and amended as of May
10, 2024, by and among eBay, eBay International Holding GmbH, a wholly owned subsidiary of eBay, eBay International Management B.V., a
wholly owned subsidiary of eBay, BCP Aurelia Luxco S.à r.l., Aurelia UK Feederco Limited, TopCo, Aurelia BidCo Norway AS (“BidCo”)
and BidCo 1. BidCo 1 is a wholly owned subsidiary of BidCo incorporated under the laws of Norway, BidCo is a wholly owned subsidiary of
TopCo incorporated under the laws of Norway, and TopCo is a private limited company incorporated under the laws of the Netherlands. eBay
intends to use the cash proceeds from the Transactions for general corporate purposes, which may include share repurchases, repayment
of indebtedness, capital expenditures, and possible acquisitions. eBay expects to share its next update on its overall plans for capital
allocation when it reports its financial results for the quarter ended June 30, 2024.
The
foregoing description of the Bid Conduct Agreement and the Transaction Completion Agreement does not purport to be complete and is qualified
in its entirety by reference to the full text of the Bid Conduct Agreement, the Transaction Completion Agreement and each of the amendments
thereto, respectively, which are attached as Exhibit 2.1, Exhibit 2.2, Exhibit 2.3 and Exhibit 2.4 to this Current Report on Form 8-K
and incorporated herein by reference in their entirety.
Item
9.01. Financial Statements and Exhibits.
(b) Pro Forma Financial Information.
Any required pro forma financial information with respect to the Transactions
will be filed by amendment to this Item 9.01(b).
(d) Exhibits.
The following materials are attached as exhibits to this Current Report on Form 8-K:
Exhibit |
|
|
Number |
|
Description |
2.1 |
|
Bid Conduct Agreement, dated as of November 21, 2023, by and among eBay Inc., eBay International Holding GmbH, eBay International Management B.V., BCP Aurelia Luxco S.à r.l., Aurelia UK Feederco Limited, Aurelia Netherlands TopCo B.V., Aurelia BidCo Norway AS and Aurelia BidCo 1 Norway AS (incorporated by reference to Exhibit 2.1 of eBay Inc.’s Current Report on Form 8-K, filed with the SEC on November 21, 2023)† |
|
|
|
2.2 |
|
Transaction Completion Agreement, dated as of November 21, 2023, by and among eBay Inc., eBay International Holding GmbH, eBay International Management B.V., BCP Aurelia Luxco S.à r.l., Aurelia UK Feederco Limited, Aurelia Netherlands TopCo B.V., Aurelia BidCo Norway AS and Aurelia BidCo 1 Norway AS (incorporated by reference to Exhibit 2.2 of eBay Inc.’s Current Report on Form 8-K, filed with the SEC on November 21, 2023)† |
|
|
|
2.3 |
|
Amendment Agreement to Bid Conduct Agreement, dated as of May 10, 2024, by and among eBay Inc., eBay International Holding GmbH, eBay International Management B.V., BCP Aurelia Luxco S.à r.l., Aurelia UK Feederco Limited, Aurelia Netherlands TopCo B.V., Aurelia BidCo Norway AS and Aurelia BidCo 1 Norway AS (incorporated by reference to Exhibit 2.1 of eBay Inc.’s Current Report on Form 8-K, filed with the SEC on May 10, 2024)† |
|
|
|
2.4 |
|
Amendment Agreement to Transaction Completion Agreement, dated as of May 10, 2024, by and among eBay Inc., eBay International Holding GmbH, eBay International Management B.V., BCP Aurelia Luxco S.à r.l., Aurelia UK Feederco Limited, Aurelia Netherlands TopCo B.V., Aurelia BidCo Norway AS and Aurelia BidCo 1 Norway AS (incorporated by reference to Exhibit 2.2 of eBay Inc.’s Current Report on Form 8-K, filed with the SEC on May 10, 2024)† |
|
|
|
104 |
|
Cover Page Interactive Data File (embedded within the Inline XBRL document) |
| † | Schedules have been omitted pursuant to Item 601(b)(2) of Regulation S-K.
The registrant hereby undertakes to furnish supplementally copies of any of the omitted schedules upon request by the SEC; provided, however,
that the parties may request confidential treatment pursuant to Rule 24b-2 of the Exchange Act for any document so furnished. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
eBay Inc. |
|
(Registrant) |
|
|
Date: May 29, 2024 |
/s/ Molly Finn |
|
Name: Molly Finn |
|
Title: Vice President & Deputy General
Counsel, Corporate & Assistant Secretary |
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