eBay Korea draws SK Tel, Kakao, Shinsegae and MBK
SK TELECOM SK Telecom's Chief Executive Park Jung-ho said on Tuesday that it was natural for the country's top mobile carrier to participate in the bidding for eBay Korea, without elaborating further. A combination of SK's online shopping mall 11Street, with a transaction value of 10 trillion won, and eBay Korea, with 17 trillion won in annual transactions, would create the country's biggest e-commerce player. With the energy-to-telecom SK Group scaling back on its refining and petrochemical businesses, the acquisition of eBay Korea would balance the group's telecom-heavy business portfolio. ...
Source: kedglobal.com