The CMA has cleared the acquisition of Motors.co.uk Limited by eBay Inc.
On 19 October, 2018, it was announcement that Cox Automotive would sell Motors.co.uk to eBay for an undisclosed sum.
The CMA announced on 13 December 2018 that it would launch a merger inquiry, by notice to the parties.
The deal will see Motors.co.uk join Gumtree UK, an eBay Classifieds business.
eBay Classifieds Group comprises Gumtree UK and Kijiji Canada, as well as automotive specialists including Mobile.de in Germany and BilBasen in Denmark.
Motors.co.uk has built a network of automotive sites including Topgear.com, Parkers.co.uk, Honest John, Autovillage and Raccars.co.uk.
Combined, the Motors.co.uk network enables dealers to reach more than 5.4 million unique visitors per month.
Matt Barham, general manager of Gumtree UK, said: “This acquisition would finally present a viable car selling and shopping alternative for car dealers and buyers.
“By combining Motors.co.uk’s extensive inventory, dealer engagements, traffic and cutting-edge tools and services with the considerable audience of in-market car buyers provided by eBay and Gumtree, this acquisition would give UK car dealers a significantly broader reach.”
Gov.uk reports that the full text of the decision will be available soon.