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South Korean internet firm to acquire Poshmark for $1.2 billion

Por: CNN Business October 04, 2022

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New York CNNBusiness  —  South Korean internet giant Naver is acquiring leading online resale platform Poshmark for $1.2 billion, the companies Monday. Under the terms of the deal, Naver is paying $17.90 a share in an all-cash deal. Poshmark shares rose 14% in after-hours trading on the news. Naver, which operates a search engine and ecommerce platform in South Korea, said the deal with Poshmark will help it expand into offering a... + full article



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