Naver to Acquire Poshmark
October 3, 2022
Naver Corp. has entered into a definitive agreement to acquire Poshmark, paying $17.90 per share in cash for an enterprise value of approximately $1.2 billion. The deal is expected to close in the first quarter of 2023, subject to stockholder approval and customary closing conditions.
- Buyers
- Naver Corp.
- Targets
- Poshmark, Inc.
- Industry
- E-Commerce
- Location
- California, United States
- Transaction Type
- Buyout
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