Last fall, eBay acquired Korean auction site Gmarket for roughly $1.2 billion to expand to the Korean e-commerce market. Today, eBay is announcing a partnership with Gmarket founder Young Bae Ku to expand Gmarket’s existing online marketplaces...
SEOUL, SOUTH KOREA -- (Marketwire) -- 06/15/09 -- Gmarket Inc. (NASDAQ: GMKT) announced today that it has notified the NASDAQ Stock Market of its intention to delist voluntarily its American Depositary Shares (the "ADSs") from the NASDAQ Global
EBay's acquisition of Gmarket in South Korea is a historic transaction - not just for eBay, but also for those who follow cross-border M&A. To my knowledge, it represents the first acquisition of a Korean company listed solely in the United...
SEOUL, SOUTH KOREA -- (Marketwire) -- 04/28/09 -- Gmarket Inc. (NASDAQ: GMKT) ("Gmarket") announced today its financial and operating results for the first quarter ended March 31, 2009. Gmarket reported total revenues of Won 71.9 billion for the
U.S. online auctioneer eBay Inc won final approval from South Korea's antitrust watchdog for its planned acquisition of Gmarket Inc, subject to conditions such as a commission freeze for the next three years.
EBay Inc. says that it is focusing its efforts on business areas "where we can win," which include the company's core electronic commerce market but not the Internet telephony business the company paid a large sum to enter less than four years ago.
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