Naver, the South Korean search giant, today announced it plans to acquire secondhand apparel marketplace Poshmark for $1.2 billion in cash. The deal values publicly-traded Poshmark’s shares at $17.90 — a 15% premium over the closing price today — and the companies expect it to close by Q3 2023, subject to approval by Poshmark stockholders […]
Naver agrees to acquire fashion marketplace Poshmark for $1.2B by Kyle Wiggers originally published on TechCrunch...