EBay Inc.

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Mergers / Acquisitions

Emart To Acquire Ebay's Businesses In Korea For $3.0 Bln

Published: 06/24/2021 07:34 GMT
EBay Inc. (EBAY) - Emart to Acquire Ebay's Businesses in Korea.
Ebay Would Sell 80.01% Interest in Its Korean Businesses Including G-market, Iac and G-9 to Emart and Retain a 19.99% Interest.
Implied Value for Whole Korean Business is Approximately $3.8 Billion Usd.
Ebay to Retain Its Stake of Approximately 4% of Kakao Bank.
Transaction is Expected to Close by End of Year Or Early Next Year, Subject to Regulatory Approvals.
Ebay-ebay Would Receive About $3 Billion USD Gross Cash Proceeds for 80.01% Interest, Would Retain a 19.99% Stake With Implied Value of About $0.8 Billion Usd.