Naver to Fully Acquire Spain’s Wallapop in Global Push for Social Commerce

SEOUL, Aug. 5 (Korea Bizwire) — South Korean internet giant Naver Corp. said Tuesday it has decided to fully acquire Spanish online marketplace Wallapop as part of a broader strategy to expand its social commerce business overseas. Naver will invest 604.5 billion won (US$435.2 million) to acquire an additional 70.5 percent stake in the Spanish [...]