trending Market Intelligence /marketintelligence/en/news-insights/trending/7fa6ayhoddxykndh2exdzg2 content esgSubNav
In This List

Report: EBay nears deal to buy Qoo10's Japanese assets for $700M

Podcast

MediaTalk | Season 2
Ep.8 The Masters Returns

Case Study

A Sports League Maximizes Revenue from Media Rights

Podcast

Next in Tech Episode 162: The cloud native journey

Podcast

MediaTalk | Season 2
Ep.7 How The Business of Gaming is Changing


Report: EBay nears deal to buy Qoo10's Japanese assets for $700M

Online marketplace operator eBay Inc. is nearing a deal to acquire the Japanese assets of e-commerce site Qoo10 from its joint venture partner Giosis Pte. Ltd. for $700 million, Bloomberg News reported Feb. 26, citing a person familiar with the matter.

The source said that as part of the potential transaction, California-based eBay would shed its stake in Singapore-based Giosis.

Qoo10 operates in Singapore, Indonesia and Malaysia as well as Japan. It counts Singapore Press Holdings, Saban Capital Group Inc. and Oak Investment Partners among its investors, according to the report.

EBay declined to comment to Bloomberg News about the matter, while Qoo10 and Giosis representatives did not respond to requests for comment.