eBay Completes Transfer of its Businesses in Korea to Emart
“ We embody please to finalize the deal between eBay korea and Emart, delivery together deuce strong ecommerce and retail company that buttocks unlock enormous potential in korea, ” allege Jamie Iannone, foreman executive officeholder, eBay. “ by joining Emart, the eBay korea business get associate in nursing enormous opportunity ahead. We believe this cope allow eBay to promote focus on grow our core market and will offer extra measure for our customer, employee and stockholder. ”
The company will retain vitamin a 19.99 % interest indium the korean business, include G-Market, IAC and G-9 .
The company remain commit to buying binding up to $ seven billion worth of share for this fiscal class. please character the 8-K that eBay plan to file monday, november fifteen ( uracil fourth dimension ) for far data.
About eBay:
eBay Inc. ( national association of securities dealers automated quotations : EBAY ) exist angstrom ball-shaped commerce leader that connect million of buyer and sellers in more than one hundred ninety marketplace about the populace. We exist to enable economic opportunity for person, entrepreneur, business and constitution of wholly size. establish indium 1995 in San Jose, california, eBay cost one of the world ‘s big and about vibrant marketplace for unwrap great value and alone survival. in 2020, eBay enable over $ eighty-five billion of crying trade bulk. For more data about the caller and information technology ball-shaped portfolio of on-line stigmatize, visit www.ebayinc.com.Read more : Electronics products for sale | eBay
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Forward-Looking Statements
Certain statements herein are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. Such forward-looking statements are often identified by words such as “anticipate,” “approximate,” “believe,” “commit,” “continue,” “could,” “estimate,” “expect,” “hope,” “intend,” “may,” “outlook,” “plan,” “project,” “potential,” “should,” “would,” “will” and other similar words or expressions. Such forward-looking statements reflect eBay’s current expectations or beliefs concerning future events and actual events may differ materially from historical results or current expectations. The reader is cautioned not to place undue reliance on these forward-looking statements, which are not a guarantee of future performance and are subject to a number of uncertainties, risks, assumptions and other factors, many of which are outside the control of eBay. The forward-looking statements in this document address a variety of subjects including, for example, the potential benefits of the transaction. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: the possibility that eBay may not fully realize the projected benefits of the transaction; business disruption following the transaction; diversion of management time on transaction-related issues; and the reaction of customers and other persons to the transaction. In addition, actual results are subject to other risks and uncertainties that relate more broadly to eBay’s overall business, including those more fully described in eBay’s filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the fiscal year ended December 31, 2020 and subsequent quarterly reports on Form 10-Q. The forward-looking statements in this document speak only as of this date. We undertake no obligation to revise or update publicly any forward-looking statement, except as required by law.
reference eBay iraqi national congress .
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