Workflow
Exclusive-Prosus shows early-stage interest in German auto marketplace Mobile.de, sources say
Yahoo Financeยท2025-11-06 10:12

Core Insights - Dutch technology investment group Prosus is showing early interest in potentially bidding for Mobile.de, as the current owners prepare to sell shares in the German online auto marketplace [1][2] - Shareholders Permira and Blackstone are leaning towards an initial public offering (IPO) for Mobile.de, which could be valued at up to 10 billion euros ($11.66 billion) [2][5] - Other private equity firms, including EQT, Cinven, and Apax, have also expressed interest in Mobile.de [3][5] Company Developments - No formal sale process has commenced, and Prosus is not currently in negotiations with the owners, indicating that a bid may not materialize [3][4] - Adevinta, the parent company of Mobile.de, was acquired by Permira and Blackstone in 2023 for approximately 141 billion Norwegian crowns [4] - The owners are pursuing a breakup of the company, including the sale of its Spanish classifieds business and its Austrian unit [5] Market Context - Prosus, which is the investment arm of South African group Naspers, recently acquired the French motors classified platform La Centrale for 1.1 billion euros, marking its entry into the European used-car marketplace sector [5]