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- eBay buys into Korean rival
- eBay will become the largest stakeholder in its main South Korean rival, Gmarket, if it completes a USD413m deal agreed last week. The deal would see eBay acquire a 34.2% share in the company, which together with eBay’s South Korean...
- Articles 2009-04-13
- eBay to spend up to USD1.2bn on Korean takeover
- eBay plans to spend as much as USD1.2bn to acquire a majority stake in South Korean marketplace rival, Gmarket. The news shows eBay is even keener to buy into the firm than was previously thought. Earlier this week, the firm was reportedly eyeing a USD413m deal to gain 34.2%...
- Articles 2009-04-15
Additional Resources
- eBay Seeks a Stake in Gmarket
- Tech Confidential submits: Shares of Gmarket Inc. GMKT closed up 14% at $25.36 on news that eBay Inc. EBAY aims to buy a minority stake in the Korean online retailer and auction site. eBay said the company was in discussions with South Korean Web-based retailer Interpark Corp. and...
- External links 2008-08-14
- eBay's Interest in Gmarket Shows Weakness in Its Asia Strategy
- Tech Confidential submits: Proving that eBay Inc.'s EBAY efforts to conquer Asia won't ever be compared to Genghis Khan's, the online auctioneer's interest in securing a stake in its South Korean rival Gmarket Inc. GMKT is yet another sign of an Asian strategy gone awry. eBay on Wednesday...
- External links 2008-08-15
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