E-Mart to acquire 80% stake of eBay’s S.Korean business for $3 bln

An eBay sign at an office building in San Jose, California, May 28, 2014. REUTERS/Beck Diefenbach/File Photo

SEOUL, June 24 (Reuters) – South Korea’s E-Mart Inc (139480.KS) said on Thursday it plans to acquire 80% stake of eBay Inc’s (EBAY.O) South Korean business for 3.4 trillion won ($3.00 billion), E-Mart said in a regulatory filing.

($1 = 1,131.6800 won)

Reporting by Heekyong Yang; editing by Jason Neely

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