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Naver Seen as major beneficiary in Shinsegae's acquisition of eBay Korea koreatimes.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimes.co.kr Daily Mail and Mail on Sunday newspapers.
Kakao seeks to acquire top fashion app Zig Zag Posted : 2021-04-09 15:56 By Kim Hyun-bin Kakao, the country s leading instant messaging company, is seeking to acquire the top female apparel shopping application, Zig Zag. According to the industry, Kakao is in talks to become the largest shareholder of the apparel shopping app. There have been discussions on both sides over the matter, but nothing has been finalized yet, an industry source said. Zig Zag was launched in 2015, starting off by listing fashion items purchased in Seoul s Dongdaemun shopping district, becoming hugely popular among female users ranging from their teens to their 30s. It eventually became Korea s leading apparel shopping app among these age groups. ....
MBK Partners, Kakao eyeing controlling stake in eBay Korea Posted : 2021-02-24 16:41 By Kim Jae-heun Private equity fund (PEF) MBK Partners and local internet firm Kakao Corp. are tapped as two of the most viable candidates to possibly acquire eBay Korea, the country s No.2 e-commerce company that went up for sale last month. According to a source from the investment banking industry, eBay Korea s financial advisers ― Morgan Stanley and Goldman Sachs ― have been distributing teaser letters to potential buyers. Soon, they will meet with shortlisted candidates to sign non-disclosure agreements and share details about the company. It has not been revealed how much eBay Korea s corporate value stands at currently, but it is estimated at around 5 trillion won ($4.5 billion). ....
Yogiyo, eBay struggling to find new owners Posted : 2021-02-04 09:13 Updated : 2021-02-04 13:14 Scooters for delivering orders placed on Yogiyo, the No. 1 food delivery service, are parked in front of its office in Seoul last June. / Yonhap By Kim Jae-heun Yogiyo, operated by Delivery Hero, and eBay Korea have drawn attention since they were put up for sale early this year. They have the second largest shares of their markets and acquiring these two brands could instantly elevate buyers to the top rank or at least in a position to pose a threat to the No. 1 player in the market. ....