Ebay Buys Korean Competitor Gmarket

Next Story

ToBeeDo: To-do List That's Unusually Useful

Gmarket.pngEbay announced that they have won conditional approval from the South Korean watchdog agency to buy a controlling stake in the online retailer Gmarket Inc.  The price was $413.

Ebay will be buying 34.2 percent of Gmarket from the largest shareholder Interpark for $24 a share.  This is at a 32.5 percent premium over the closing price of $18.12.  The actual final contract will be signed by Wednesday.

Gmarket is listed on the Nasdaq and trades under the symbol GMKT.  Gmarket operates c2c (customer to customer) marketplaces around South Korea and has over 10 million registered members. This purchase will surely help eBay emerge as the main playing in the region.  Its only other competition will be from Internet Auction Co., who also might be a decent acquisition as many rumors would say.  Please note none of the Internet Auction Rumors have been confirmed.


Siemens 72JG34AFA Elevator Starter AC Semiconductor Motor Starter E05  picture
Siemens 72JG34AFA Elevator Starter AC Semiconductor Motor Starter E05
MCIMX6QP-SDB 1 Piece - NXP Semiconductors Embedded System Development Tools picture
MCIMX6QP-SDB 1 Piece - NXP Semiconductors Embedded System Development Tools
Semiconductor Crystal Quartz Silicon Wafer Cassette Carrier Slot Semi Carry Pure picture
Semiconductor Crystal Quartz Silicon Wafer Cassette Carrier Slot Semi Carry Pure
Quartzware Wafer Holder Crystal Silicon Cassette Carrier Semiconductor Carry picture
Quartzware Wafer Holder Crystal Silicon Cassette Carrier Semiconductor Carry
Quartz Crystal Silicon Wafer Cassette Carrier Slot Semi Semiconductor Carry Pure picture
Quartz Crystal Silicon Wafer Cassette Carrier Slot Semi Semiconductor Carry Pure