SEOUL, Oct. 29 (Korea Bizwire) — South Korea’s antitrust regulator said Friday it has approved a deal by E-Mart Inc., a discount store chain under Shinsegae Group, to buy the Korean unit of U.S. e-commerce giant eBay Inc. In June, E-Mart signed a deal with eBay to acquire an 80 percent stake in eBay Korea [...]
SEOUL, June 24 (Korea Bizwire) — E-Mart Inc., a discount store chain under Shinsegae Group, said Thursday it has signed an agreement with eBay Inc. to acquire an 80 percent stake in its South Korean e-commerce unit for 3.44 trillion won (US$3.05 billion), a move expected to bring about a seismic shift in the local [...]
SEOUL, June 22 (Korea Bizwire) — Naver Corp., South Korea’s top internet portal operator, said Tuesday it has decided not to join in the acquisition of eBay Korea, leaving retail giant Shinsegae Group as the sole bidder for the South Korean unit of the U.S. e-commerce giant. Last week, a consortium comprised of Shinsegae and [...]
SEOUL, June 16 (Korea Bizwire) — A South Korean conglomerate Shinsegae-led consortium has been picked as the preferred bidder for eBay Korea, the South Korean unit of e-commerce giant eBay, beating its local rival Lotte Shopping and heralding a seismic change in the country’s e-commerce sector, industry sources said Wednesday. The Shinsegae-Naver consortium reportedly offered [...]
SEOUL, June 13 (Korea Bizwire) — The race to take over eBay Korea, the third-largest e-commerce operator, is expected to come to an end this week, in a deal that will shake up the country’s e-commerce retail segment, retail industry sources said Sunday. According to the sources, two retail behemoths — Shinsegae and Lotte Shopping [...]
SEOUL, June 7 (Korea Bizwire) — South Korean retail giants Shinsegae and Lotte Shopping submitted their bids to take over South Korea’s third largest e-commerce retailer, eBay Korea, a deal that will shake up the country’s e-commerce retail segment, retail industry sources said Monday. According to the sources, the two retail behemoths submitted their letters [...]
SEOUL, June 6 (Korea Bizwire) — Big-name bidders are believed to be carefully weighing how much to offer on the eve of bidding for eBay Korea, South Korea’s no. 3 retail behemoth, as the deal is expected to bring a seismic change to the local retail industry, industry sources said Sunday. Most of the preliminary [...]
SEOUL, May 14 (Korea Bizwire) – The fierce competition over the acquisition of eBay Korea and Yogiyo is sweeping through the merger and acquisition (M&A) market in the retail industry. The acquisition of South Korean unit of the U.S. online shopping giant has attracted Lotte Shopping Co., E-Mart Inc. from Shinsegae Group, SK Telecom Co. [...]
SEOUL, March 16 (Korea Bizwire) — South Korea’s No. 1 mobile carrier SK Telecom Co., retail giant Lotte Group and others submitted preliminary bids on Tuesday to buy eBay Korea in a deal that could fetch some 5 trillion won (US$4.42 billion) and bring a seismic change to the fiercely competitive e-commerce sector, industry sources [...]
SEOUL, Jan. 20 (Korea Bizwire) — U.S. e-commerce operator eBay Inc. said Wednesday it is looking for a potential buyer for its South Korean unit, which could change the landscape of the local online commerce market if a big deal is made. EBay is the No. 2 e-commerce player in the U.S. with about 11 [...]