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Tuesday, April 12, 2011

eBay Agrees to Acquire Shares in Turkey’s GittiGidiyor

"eBay Agrees to Acquire Shares in Turkey’s GittiGidiyor

SAN JOSE, Calif. & ISTANBUL--(BUSINESS WIRE)--eBay (NASDAQ:EBAY) today announced that it has agreed to acquire additional shares in GittiGidiyor, the leading online marketplace in Turkey. The deal follows eBay’s acquisition of a minority stake in the company in 2007. Upon closing of the transaction, eBay will own approximately 93% of the outstanding shares of GittiGidiyor. Terms of the deal were not disclosed."

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