paidContent.org - The Economics of Content

Current Story

eBay Acquires Minority Stake In Popular Turkish Auction Site GittiGidiyor.com

By Robert Andrews - Thu 03 May 2007 08:54 AM PST

eBay has acquired a minority stake in Turkish online marketplace GittiGidiyor.com. Instanbul-based GittiGidiyor.com (translation: “Going, Going, Gone") claims 17 million users, a quarter of Turkey’s entire population. eBay called the Turkish e-commerce sector “a highly attractive market for eBay” - after all, the country’s bazaars are the archetypal arenas for haggling. No financial terms were disclosed but eBay said Turkey is now its 37th local territory. Founded in 2000, GittiGidiyor.com’s previous investors include Turkey’s own iLab. It looks like a big deal for GittiGidiyor.com - its founders today scrapped their regular front page for a statement in which they said the eBay investment could accelerate the number of overseas digital investments in Turkey. Release.

Posted in: Companies, Countries, UK & Europe, VC+M&A



Related Research from Alacrastore.com
0 Responses:
  • There are currently no comments for this article.

    Why don't you make one?

Post Your Comment

Mobile Options

» Mobile App
» Mobile/WAP Site

Send a News Tip

About

paidContent.org, flagship of the ContentNext Media network, provides global coverage of the business of digital content.

Rafat Ali
Publisher & Co-Editor

Staci D. Kramer
Co-Editor

David Kaplan
Senior Correspondent

Joseph Weisenthal
Correspondent

Robert Andrews
U.K. Editor

Amanda Natividad
Editorial Producer

Online Ad Deals Report

Social Media Report

New Media/Interactive Job Listings

Post Job
More Jobs

Generous Supporters