eBay Completes Tender Offer for Gmarket (WebProNews)

Today eBay announced the completion of a tender offer for all outstanding common shares and American Depositary Shares (ADSs) of Gmarket. Back in April, eBay announced that it was spending $1.2 billion to acquire those shares. Gmarket is known as Korea’s leading eCommerce business, and it will apparently be combined with eBay’s existing online marketplace in Korea, Internet Auction Company. “The …

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