According to reports in the German media, Axel Springer has pulled out of the race to acquire EBay Classifieds. The source is weekly newspaper Horizont, usually a reliable source of information.

This leaves Naspers and Adevinta, as well as private equity firms Blackstone, Hellman & Friedman and Permira, reportedly in the bidding process. But, it remains unclear how long the tender process will last.

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