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Ebay to buy Gmarket for $1.2 billion

April 16, 2009 – 6:43 pm – No Comment

Ebay is expanding it’s horizons by announcing it will be buying South Korea’s largest online marketplace for $1.2 billion.
Ebay already has agreements for around 67% of Gmarket shares and made a cash offer of $24 a share for outstanding shares to Gmarket. Yahoo, who owns …