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SK Telecom among preliminary bidders for eBay's Korean business -sources

· 03/16/2021 03:59
SK Telecom among preliminary bidders for eBay's Korean business -sources

- South Korea's SK Telecom 017670.KS and private equity firm MBK Partners were among those that entered non-binding, preliminary bids for the sale of eBay Inc's EBAY.O South Korean business, the telecom company and two sources with knowledge of the matter said on Tuesday.

EBay Korea operates open market e-commerce platforms Gmarket, Auction and G9, and was South Korea's third-largest e-commernce firm in 2020 with 12.8% market share, according to Euromonitor.

MBK Partners and eBay Korea declined comment.


(Reporting by Joyce Lee, editing by Louise Heavens)

((jungyoon.lee@tr.com; +82 2 6936 1467;))