Interpark: No Contract To Sell Gmarket Stake To eBay Yet
13 April 2009 - 7:41PM
Dow Jones News
South Korean internet company Interpark Corp. (035080.KQ) said
Monday it hasn't completed an official contract to sell its online
auction site Gmarket Inc. (GMKT) to U.S.-based eBay Inc.
(EBAY).
"Our company (Interpark) hasn't so far made an official contract
with eBay on the Gmarket stake sale," Gmarket's top shareholder
Interpark said in a regulatory filing.
The comment came after a local online news provider edaily
reported earlier that the U.S.-based company would buy a 34.2%
stake in Gmarket for $413 million Wednesday.
-By Jung-Ah Lee, Dow Jones Newswires; 822-2198-2233;
jung-ah.lee@dowjones.com