Poshmark to be acquired by South Korean internet company Naver in $1.2 billion deal
Online second-hand fashion marketplace Poshmark Inc. has agreed to be acquired by South Korean internet company Naver in a $1.2 billion deal, the companies announced on Monday, a move which the executives believe would help both brands expand internationally. Poshmark POSH Shares, -0.64% jumped 11.8% in after-hours trading on the news. Under the terms of …
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