Naver to Acquire Poshmark – Business Wire
Poshmark stockholders to receive $17.90 per share in cash
Acquisition expands and diversifies Naver’s leading e-commerce platform, strengthens its community with a global social network of younger users, and positions it to capitalize on the global online fashion re-commerce and sustainable economy opportunity
Extends Poshmark’s leadership and capitalizes on changing consumer trends through new technology investments, international expansion, and category and product evolution
SEONGNAM-SI, South Korea & REDWOOD CITY, Calif.–(BUSINESS WIRE)–Naver Corp. (KRX: 035420) (“Naver”), Korea’s largest internet company, and Poshmark, Inc. (NASDAQ: POSH) (“Poshmark”), a leading social e-commerce marketplace for new and secondhand style, today announced that they have entered into a definitive agreement under which Naver will acquire all of the issued and outstanding shares of Poshmark for $17.90 in cash, representing an enterprise value of approximately $1.2 billion.1 This represents a…
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source: https://news.oneseocompany.com/2022/10/03/naver-to-acquire-poshmark-business-wire_2022100332087.html
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