By Drew Singer / Bloomberg News:

A spinoff of Europe’s largest pure online classifieds firm could have 100 percent upside after its separation from Nordic media conglomerate Schibsted ASA next year, a fund manager argued Wednesday at a conference in New York. The same manager also voiced bullish sentiment for Kambi Group PLC, a Stockholm, Sweden-listed sports betting service based in Malta.

Schibsted was the subject of one of several presentations at a spinoff and activist investor conference hosted by The Edge Consulting Group, which benefits The Alzheimers Association.

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