Share:
POST
TWEET
SHARE
SHARE
EMAIL

eBay has sold its holdings in Mercado Libre

By Dan Wilson October 14, 2016 - 1:39 am

Mercado Libre has been a successful South American ecommerce company for some years and eBay has been a significant investor for more than a decade. But now it seems like eBay is backing away.

As they say in a blog post: “Against this backdrop, eBay has decided to sell the majority of its stake in MercadoLibre, Inc., an online commerce platform in Latin America. The sale will enable us to realize a significant gain on our investment, and we intend to use the net proceeds in a manner consistent with our capital allocation strategy. Additional financial details pertaining to the transaction will be addressed on our Q3 2016 earnings call and in our upcoming Form 10-Q.”

Have you been affected?

Comments are closed.

Recent Comments

3 hours ago
Mark: I don't see how this would work unless they issue each property with a door...
8 hours ago
Prakash: I live in the Bexleyheath area. Our lovely postman says he has always done this...
10 hours ago
northumbrian: and the locals with a degree in sheep shagging as a skills base...
11 hours ago
Alan: Symptoms of success? The reason London is those things (traffic, dirty, noisy and expensive) is...