Summary by Futu AI
On November 25, 2024, eBay International Holding GmbH, a wholly owned subsidiary of eBay, completed the sale of 96,745,804 ordinary shares of Aurelia Netherlands Topco B.V. to Aurelia UK Feederco Limited for approximately $1.04 billion in cash.The company plans to utilize the proceeds for general corporate purposes, including potential share repurchases, debt repayment, capital expenditures, and possible acquisitions. eBay will provide further details on its capital allocation strategy when it releases its financial results for the year ending December 31, 2024.