Why eBay Singled out Japan in Deal with Giosis
Of Giosis’s many operations in Asia, eBay (EBAY) singled out the Japan business for purchase. The financial terms of the deal were not disclosed, but Bloomberg reported that eBay was paying $700 million to acquire the assets of Giosis in Japan. The investor reaction to eBay’s deal with Giosis was largely muted, with shares of eBay falling nearly 1.6% on the day it disclosed its purchase of Qoo10 and other Japanese assets of Giosis.