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Emart to buy 80 percent stake of eBay’s Korean business

eBay Inc. has announced purchase of its Korea business by Emart. The company said in a statement that eBay will sell an 80.01 percent stake in its Korean businesses for 3.44 trillion KRW or approximately 3 billion dollars of gross cash proceeds to Emart. “This deal brings together two strong ecommerce and retail companies that can unlock...

Jun 24, 2021