M&A Deal Summary

EMART Acquires eBay - Businesses in Korea

On June 24, 2021, EMART acquired e-commerce company eBay - Businesses in Korea from eBay for 3.0B USD

Acquisition Highlights
  • This is EMART’s 1st transaction in the E-Commerce sector.
  • This is EMART’s largest (disclosed) transaction.
  • This is EMART’s 1st transaction in South Korea.

M&A Deal Summary
Date 2021-06-24
Target eBay - Businesses in Korea
Sector E-Commerce
Buyer(s) EMART
Sellers(s) eBay
Deal Type Divestiture
Deal Value 3.0B USD

Target

eBay - Businesses in Korea

Seoul, South Korea
eBay’s Businesses in Korea is an operator of an online shopping platform. eBay’s Businesses in Korea is based in Seoul, South Korea.

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Buyer(S) 1

Buyer

EMART

Seoul, South Korea
Category Company
Founded 1993
Sector Retail
Employees24,965
Revenue 29.47T KRW (2023)
DESCRIPTION

EMART is a hypermarket retail company that operates a total of 158 branch locations in Korea. EMART's Specialty Shops And Exclusive Stores, Including emart, Our Discount Store Brand, emart Mall, EMART's Online Presence, And emart Traders, The Edlp (Every Day Low Price) Store Brand. EMART Also Features Category-killer Shops, Including molly’s Pet Shop, A Comprehensive Pet Solution Store Brand, boots, The Authentic Franchise Shop For Your Health And Beauty Care Store Brand, And Electromart, An Experience-based Electronics Specialty Store. EMART was incorporated in 1993 and is based in Seoul, South Korea.

DEAL STATS #
Overall 1 of 1
Sector (E-Commerce) 1 of 1
Type (Divestiture) 1 of 1
Country (South Korea) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

eBay

San Jose, California, United States
Category Company
Founded 1995
Sector Internet Software and Services
Employees12,300
Revenue 10.1B USD (2023)
DESCRIPTION
Entrance to eBay's corporate headquarters in San Jose, California.
Entrance to eBay's corporate headquarters in San Jose, California.

eBay is an online retailer and provider of auction tools and services. eBay enables global commerce and payments on behalf of users, merchants, retailers and brands of all sizes. The technologies and services eBay provides are designed to enable users and merchants worldwide to organize and offer their inventory for sale and buyers to find, buy and pay for it virtually anytime and anywhere. eBay was incorporated in 1995 and is based in San Jose, California.

DEAL STATS #
Overall 13 of 14
Sector (E-Commerce) 2 of 2
Type (Divestiture) 9 of 9
Country (South Korea) 1 of 1
Year (2021) 1 of 2
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-21 eBay Classifieds Group

California, United States

eBay Classifieds Group operates an international family of local classifieds marketplaces in 13 countries. It helps people find whatever they’re looking for in their local communities.

Sell $9.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-14 Adevinta

Oslo, Norway

Adevinta is a marketplace specialist that helps local digital marketplaces thrive through global connections and networks of knowledge. The company's marketplaces unlock the full value in every person, place, and thing – helping local communities prosper and leaving a positive footprint on the world. It serves people where they live, acknowledging what’s special about every culture and every place. Adevinta was founded in 2018 and is based in Oslo, Norway.

Sell -
Mergr

Product

Company

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