EBay buying South Korea’s Gmarket

16 Apr 2009

EBay said it will buy South Korea’s largest online marketplace, Gmarket.

EBay said it made a cash offer of $24 per share for Gmarket Inc. If all outstanding shares are tendered, the full purchase price would be about $1.2 billion. EBay said it already had agreements for about 67 percent of the shares. That includes a 10 percent stake now held by Yahoo: In a separate announcement, Yahoo s

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Jim Townsend