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eBay takes controlling stake in SKorean site (AFP)

15 April 2009 190 views No Comment

The logo of Internet auctioneer eBay in Paris. The US-based online auction giant has announced a takeover of South Korea's biggest auction website Gmarket, in a deal worth up to US$1.2 billion.(AFP/File/Jacques Demarthon)AFP – US online auction giant eBay has bought a controlling stake in South Korea’s biggest online marketplace Gmarket in a deal worth up to 1.2 billion dollars, the two companies announced on Thursday.

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