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Poshmark to be bought by South Korean internet company Naver in $1.2 billion deal

Por: MarketWatch Business October 04, 2022

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Under the terms of the deal, Naver will acquire Poshmark’s outstanding shares for $17.90 in cash, representing a 15% upside to Poshmark’s Monday closing price of $15.57. The transaction is set to close by the first quarter of next year, pending Poshmark shareholders’ approval. Poshmark went public in late 2020, pricing shares at $42 a share, and ended its first day of trading at more than $100 a share, but has never approached those... + full article



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