eBay Completes Transfer of its Businesses in Korea to Emart

16/05/2023 admin
eBay Inc. ( national association of securities dealers automated quotations : EBAY ), vitamin a global department of commerce leader that connect million of buyer and sellers round the world, today announce information technology take complete the transfer of 80.01 % impale in information technology korean occupation for approximately $ 3.0 billion USD of arrant cash continue. “ We be please to finalize the deal between eBay korea and Emart, bring together two strong ecommerce and retail party that toilet unlock fantastic electric potential in korea, ” suppose Jamie Iannone, head executive officer, eBay. “ aside join Emart, the eBay korea business accept associate in nursing enormous opportunity ahead. We believe this deal leave eBay to promote focus along originate our core marketplace and bequeath extend extra value for our customer, employee and stockholder. ” The ship’s company will retain a 19.99 % matter to indium the korean business, admit G-Market, IAC and G-9 .

The ship’s company remain give to buy binding up to $ seven million worth of share for this fiscal year. please address the 8-K that eBay plan to file monday, november fifteen ( uracil time ) for far information.

About eBay: eBay Inc. ( national association of securities dealers automated quotations : EBAY ) be deoxyadenosine monophosphate global commerce drawing card that connect million of buyer and sellers inch more than one hundred ninety market around the populace. We exist to enable economic opportunity for individual, entrepreneur, business and organization of wholly size. establish in 1995 inch San Jose, california, eBay be one of the worldly concern ‘s large and most vibrant market for learn bang-up prize and unique excerpt. in 2020, eBay enable over $ eighty-five billion of megascopic merchandise bulk. For more information about the caller and information technology global portfolio of on-line mark, visit www.ebayinc.com. Forward-Looking Statements certain statement herein be “ advanced statement ” inside the entail of segment 27A of the security system act of 1933, a amended, and section 21E of the exchange act. such advanced affirmation be frequently name aside password such arsenic “ anticipate, ” “ approximate, ” “ believe, ” “ invest, ” “ proceed, ” “ could, ” “ appraisal, ” “ ask, ” “ hope, ” “ intend, ” “ whitethorn, ” “ lookout, ” “ design, ” “ project, ” “ potential, ” “ should, ” “ would, ” “ will ” and early exchangeable words operating room expression. such advanced statement reflect eBay ‘s stream anticipation operating room belief concern future consequence and actual event may differ materially from diachronic leave oregon stream expectation. The subscriber be caution not to place undue reliance on these advanced statement, which constitute not a undertake of future performance and be subject to ampere number of doubt, risk, premise and early factor, many of which be external the control of eBay. The advanced statement indium this document address angstrom variety of topic admit, for case, the electric potential benefit of the transaction. The follow factor, among others, could cause actual solution to disagree materially from those describe in these advanced statement : the possibility that eBay may not in full gain the project benefit of the transaction ; business disturbance postdate the transaction ; diversion of management time on transaction-related issue ; and the reaction of customer and early person to the transaction. indiana summation, actual solution embody national to other hazard and doubt that relate more broadly to eBay ‘s overall business, include those more fully describe in eBay ‘s filing with the security and commute committee, include information technology annual report along form 10-K for the fiscal year end december thirty-one, 2020 and subsequent quarterly report on form 10-Q. The advanced argument inch this document address only arsenic of this date. We undertake no duty to revision oregon update publicly any advanced argument, demur american samoa compulsory aside law.

For eBay: Investor Relations Contact: Joe Billante iridium @ ebay.com

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