Baku 24° C
eBay to sell S. Korean unit for about $3.6B
Business
- 16 June, 2021
- 08:10
Add Report.az to preferred Google sources
Stay up to date with the top news!
American multinational e-commerce corporation eBay will sell its South Korean business to retailer Shinsegae Group’s E-Mart Inc and web portal operator Naver for about 4 trillion won ($3.6 billion), Report informs referring to Reuters.
eBay Korea is the country’s third-largest e-commerce firm with a market share of about 12.8 percent in 2020, according to Euromonitor. It operates the platforms Gmarket, Auction, and G9.
E-Mart said in a regulatory filing on June 16 that it was talking with eBay Inc after entering a binding bid for acquiring eBay Korea this month, but that nothing had been finalized.
Author
Latest News
15:23
Latvia congratulates Azerbaijan on anniversary of restoration of its independence
Foreign policy
15:00
Egypt says ready to give Saudi Arabia necessary support amid Houthi conflict
Other countries
14:38
Video
National Library of Belarus building illuminated in colors of Azerbaijani flag
Foreign policy
14:19
Iran has not attacked any country over past two centuries, Pezeshkian says
Region
13:58
Dutch Embassy congratulates Azerbaijan on Restoration of Independence Day
Foreign policy
13:55
Iran says it has taken measures against 'Mother of All Bombs'
Region
13:03
Iranian parliament approves Mehrdad Akhlaqi Ketabchi as defense minister
Region
12:47
Azerbaijan weather forecast for October 19
Ecology
12:18
OTS Secretary General congratulates Azerbaijan on Restoration of Independence Day
Foreign policy