• Ebay Buys Korean Competitor Gmarket

    Ebay Buys Korean Competitor Gmarket

    Ebay 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
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