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Home arrow News arrow EBay to buy control stake in SKorean marketplace (AP)
EBay to buy control stake in SKorean marketplace (AP)

Lee Jay, corporate senior vice president of eBay Inc. and general manager of eBay Asia Pacific, center, speaks to media as Park Joo-man, chief executive of Internet Auction Co., left, and Ku Young-bae, chief executive and representative director of Gmarket, listen during their press conference in Seoul, South Korea, Thursday, April 16, 2009. EBay Inc. said it plans to pay as much as $1.2 billion to purchase a majority stake in Gmarket Inc. , South Korea's top online marketplace.(AP Photo/Ahn Young-joon)AP - EBay Inc. said Thursday it plans to pay as much as $1.2 billion for control of South Korea's top online marketplace, potentially making it one of the company's largest acquisitions as it moves to expand in Asia.



Read more at: http://us.rd.yahoo.com/dailynews/rss/internet/*http://news.yahoo.com/s/ap/20090416/ap_on_hi_te/as_skorea_ebay.
 
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