China’s Pony AI Pursues $4.55 Billion Valuation in Ambitious US IPO to Lead Robotaxi Surge 
Ether Price Rises Despite $1.3B Whale Sell-Off, Targets $3,700 Breakout 
Bitcoin ETFs Hit $104 Billion, Outpacing Gold ETFs in Growth Amid Post-Election Market Optimism 
5 Crucial Metrics Shaping Ethereum’s Next Move: Whale Activity and Network Growth in Focus 
Senator Lummis Pushes for 1M BTC in US Reserve to Slash Debt, Preserve Dollar Dominance 
Xiaomi's Second Electric SUV to Challenge Tesla Model Y in Q1 2025, Report Reveals 
What’s Driving Charles Schwab Toward Spot Crypto Trading? Trump’s Regulatory Shift and $100K Bitcoin Answer 
Huawei’s AI Chip Struggles: 7nm Tech Falls Generations Behind NVIDIA Due to US Sanctions, TSMC Blockade 
Fast fashion may seem cheap, but it’s taking a costly toll on the planet − and on millions of young customers 
Amazon's $4 Billion Anthropic Deal Supercharges AI Race Against Microsoft and Google 
Ghana’s economic diplomacy: how three presidents with different ideologies dealt with the IMF and World Bank 
How will Donald Trump’s presidency affect the stock market in 2025? 
Companies won’t survive in a nature-depleted world – I’ve met the business owners who are taking action 
Oil Prices Soar to 2-Week High as Russia Fires Hypersonic Missiles, Escalating Ukraine Conflict 
Naver Corporation and Shinsegae are reportedly joining forces to acquire eBay Korea that was put up for sale earlier this year. It was said that the South Korean engineering and online portal firm headquartered in Seongnam has made a suggestion to the retail giant and proposed to jointly bid for the acquisition of the Korean unit of eBay.
Formation of consortium proposal
Korea Economic Daily reported that the companies are considering the creation of a consortium to purchase eBay Korea which is now the nation’s third-largest e-commerce platform with an estimated value of $4.4 billion or around ₩5 trillion.
This information was shared by sources from the investment banking sector on Wednesday, May 19. If the deal between Naver Corp. and Shinsegae pushes through, it was said that the latter is likely to seek a majority stake in the acquisition of eBay Korea. Naver may have the remaining 20% and with an agreement to co-manage the e-commerce site.
Shinsegae is one of the final candidates to acquire eBay and the others who made it to the shortlist include Lotte, private equity firm MBK Partners and SK Telecom Co. For this deal, eBay Inc., headquartered in California, is offering a 100% stake for its Korean unit.
In any case, it was also reported that SK Telecom and MBK Partner are also considering teaming up for the deal just as Naver and Shinsegae are planning. It was stated that the latter two firms are trying to gain the upper hand against the growing e-commerce players like Coupang.
Naver and Shinsegae going after Coupang
Naver and Shinsegae have a strong alliance already as they started to work together in strengthening their logistics and distribution business. The two are said to be further developing their ventures to go against Coupang that is now a big player in the same market that Shinsegae and Naver are involved in.
Business Korea reported in March that Naver purchased shares in Shinsegae International and E-Mart to fortify its partnership with the Shinsegae Group. Since then, they have made plans for future new ventures in online and offline businesses. Meanwhile, if Naver and Shinsegae will successfully form a consortium and win in the race to acquire eBay Korea, there is no doubt that they will become the no. 1 player in the online retail market in the country.
