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Article: EBay offers to buy Gmarket for $1.2 billion.
- Article from:
- YON - Yonhap News Agency of Korea
- Article date:
- April 17, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SEOUL, April 16 (Yonhap) -- EBay Inc. said Thursday it has offered to take over Gmarket Inc., South Korea's biggest online marketplace, for as much as US$1.2 billion, which would make the U.S. online auctioneer a dominant player in one of the world's most wired nations. The San Jose, California-based company said it has made a cash tender offer of $24 a share to buy all outstanding common shares and American depository shares in Gmarket. The tender price is about 20 percent higher than Gmarket's closing price of $19.96 in the U.S. tech-heavy NASDAQ stock market. Given all outstanding shares of Gmarket, the value of the purchase price totals some $1.2 billion. EBay Chief ...
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Article: Gmarket Reports 4Q08 GMV of Won 1.1 Trillion, Full-Year ...
Internet Wire;
January 30, 2009 ;
700+ words
...SEOUL, SOUTH KOREA, Jan 30, 2009 (MARKET WIRE via COMTEX) -- Gmarket Inc. (NASDAQ: GMKT) ("Gmarket") announced today that its gross merchandise ... increase over the fourth quarter of 2007. Gmarket's full-year 2008 GMV totaled 3,986 ...
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