EBay To Take Stake In Gmarket
April 16, 2009 at 13:58 PM EDT
eBay Inc. (Nasdaq: EBAY) offered to buy a majority stake in South Korea's Gmarket Inc. (Nasdaq: GMKT) including the 10% owned by Yahoo (Nasdaq: YHOO). Shares of eBay eased 5 cents to $14.27 while Gmarket stock surged $3.82 to $23.78. Yahoo stock added 28 cents to $14.30.
