Naver to acquire Wallapop for $700m.

Synopsis

Naver, a search engine and e-commerce platform providing fintech, digital content, and cloud services, agreed to acquire Wallapop, an app for buying and selling secondhand products, for $700m.

Principals

target

WALLAPOP

bidder

Naver Corporation

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Market Context

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Seller Team (1)

rob cassedy

CEO at WALLAPOP

Manager

target

Deals

£ 733 M

Total Value

Bidder Team (1)

choi soo-yeon

CEO at NAVER CORPORATION

Manager

bidder

Deals

£ 1.67 B

Total Value

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