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South Korea's Naver to buy U.S. e-commerce site Poshmark for $1.2 billion

Por: CNBC Tech October 04, 2022

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Rafael Henrique LightRocket Getty ImagesSouth Korean internet giant Naver is acquiring U.S. e-retailer for roughly $1.2 billion, the companies Monday. Poshmark shares popped as much as 14% in extended trading.Naver is paying $17.90 per share in the all-cash deal. Poshmark closed on Monday at $15.57. Naver operates a search engine, e-commerce platform and other services in South Korea. The companies said the deal will deepen Naver's reach in... + full article



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