eBay has taken a majority stake in a Turkish auction website which has 6.4 million registered users, as the PayPal owner looks to lift its marketplaces business.
eBay now owns 93% of GittiGidiyor, after nabbing a minority stake four years ago. Price has not been disclosed.
The deal follows a $US2 billion acquisition of eCommerce service provider GSI Commerce and a $200 million purchase of brands4friends of Germany.
“eBay definitely has the acquisition machine cranked up again, and it’s focused toward marketplaces,” BGC Partners analyst Colin Gillis told Reuters.
Smart Company is the leading online publication in Australia for free news, information and resources catering to Australia’s entrepreneurs, small and medium business owners and business managers.
