Purchase by Shpock owner Adevinta could lead to less choice for consumers, says watchdog
A $9.2bn (£6.5bn) deal to create the world’s largest classified ads business could reduce consumer choice and increase the fees people are charged for advertising goods online, Britain’s competition watchdog has warned.
Shpock operator Adevinta’s proposed purchase of Gumtree from eBay would combine websites that allow people to buy and sell used or new items such as clothes, electronics and furniture. The eBay marketplace is the largest such platform in the UK.
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