FILE PHOTO: A screen displays the company logo for Poshmark Inc. during the company's IPO at the Nasdaq Market Site in Times Square in New York City, U.S., January 14, 2021. REUTERS/Brendan McDermid
SEOUL: South Korean Internet giant Naver Corp will buy online second-hand fashion marketplace Poshmark Inc for US$1.2bil (RM5.57bil).
Naver will pay US$17.90 (RM83.2) per share, a 15% premium on Monday’s closing price of US$15.57 (RM72), the companies announced in a statement.
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