E-Mart to acquire 80% stake of eBay’s S.Korean business for $3 billion


FILE PHOTO: An eBay sign at an office building in San Jose, California, May 28, 2014. REUTERS/Beck Diefenbach/File Photo

June 24, 2021

SEOUL (Reuters) – South Korea’s E-Mart Inc said on Thursday it plans to acquire 80% stake of eBay Inc’s South Korean business for 3.4 trillion won ($3.00 billion), E-Mart said in a regulatory filing.

($1 = 1,131.6800 won)

(Reporting by Heekyong Yang; editing by Jason Neely)

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