eBay Drops $1.2 Billion on Korean eCommerce Site

April 16th, 2009

This has certainly been a huge week for eBay announcements. First, it was announced that StumbleUpon as being taken back by its founders . Then a similar scenario was announced for Skype . Then eBay announced a ton of changes to its marketplace . Now eBay has made another huge announcement in that it is spending $1.2 billion to acquire all outstanding shares of Korea’s leading eCommerce business, Gmarket, which will be combined with eBay’s existing online marketplace in Korea, Internet Auct

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