Benzinga | Sep 9, 2021 03:17PM EDT

eBay Partners With bidadoo For Used Construction Equipment

* eBay Inc (NASDAQ:EBAY) has announced a strategic partnership and investment in bidadoo, an online remarketing and auction company of equipment, trucks, and capital assets. The financial terms of the arrangement were not disclosed.

* eBay and bidadoo will meet customers' needs through this partnership by leveraging technology, data, and expertise to deliver end-to-end solutions and value.

* Through bidadoo, eBay buyers will have access to used construction equipment from manufacturers, governments, rental companies, contractors, and financial institutions, supported by eBay's Business Equipment Protection Program.

* eBay noted that every bidadoo equipment listing includes a detailed condition report, photos, and video demonstration.

* The used Heavy Equipment market is estimated to be $50 billion - $60 billion in the U.S.

* Price Action: EBAY shares are trading lower by 0.92% at $73.25 on the last check Thursday.