NAVER completed the acquisition of an additional 70.5% stake in Wallapop for €377m.

NAVER, a search engine and e-commerce platform providing fintech, digital content, and cloud services, completed the acquisition of an additional 70.5% stake in Wallapop, a mobile-based C2C secondhand marketplace platform, for €377m. “Acquiring Wallapop, an established C2C platform with a broad range of product categories and rich user stories, not only deepens our understanding of Spanish and broader European users but also strengthens NAVER’s competitiveness in AI ecosystems, where data diversity is a critical factor,” Choi Soo-yeon, NAVER CEO.