Schibsted demerged and listed Adevinta.

Schibsted, an international media group, demerged and listed Adevinta, an international online marketplaces company, in a $2.3bn deal. “Today’s listing is an important milestone for Adevinta. Our listing and pure-play status in online marketplaces enables us to pursue a more aggressive, agile expansion strategy, while keeping pace with the rapidly changing dynamics and technology of the marketplaces industry,” Rolv Erik Ryssdal, Adevinta CEO.