WebProWorld
Today eBay announced the completion of a tender offer for all outstanding common shares and American Depositary Shares (ADSs) of Gmarket. Back in April, eBay announced that it was spending $1.2 billion to acquire those shares.
Gmarket is known as Korea’s leading eCommerce business, and it will apparently be combined with eBay’s existing online marketplace in Korea, Internet Auction Company.
The “first and only”s we hear about often aren’t worth mentioning; some piddly little company makes a piddly little announcement every other day. But thanks to a new deal with Universal Music Group, Imeem is able to use the phrase in a way that tends towards the important and large side of things.
Yahoo Inc. completed the process begun in 2003 with the purchase of Overture Services Inc. by bringing them into the brand and calling them Yahoo Search Marketing for the U.S. market. Yahoo will extend the renaming to everywhere except Japan and Korea and the Overture name will stand there.
Kansas City Southern completed its purchase of the controlling interest in TFM from Grupo TMM, in accordance with the terms of the Amended and Restated Acquisition Agreement.
Interland today announced it completed a new channel distribution agreement with Dex Media. Under the channel agreement, Dex will sell a private-labeled version of Interland’s small business Website design and hosting services as part of a new product line called Dex Web Clicks.
