Shares of South Korean internet giant Naver Corp. fell the most in seven years after the company agreed to buy online secondhand-fashion marketplace Poshmark Inc. in a deal valued at about $1.2 billion.
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South Korea's Naver to Acquire Fashion Startup Poshmark in $1.2 Billion Deal - Bloomberg
Poshmark acquired by South Korea's Naver
Naver to acquire fashion major Poshmark in $1.2b deal
South Korean Internet Giant Buys Poshmark in $1.2 Billion Deal - The New York Times
Poshmark describes new life as part of Naver
Naver acquires Poshmark for $1.2bn, expanding US footing - Just Style
Naver closes acquisition of US e-commerce firm Poshmark
Secondhand fashion marketplace Poshmark acquired in billion dollar deal
Naver agrees to acquire fashion marketplace Poshmark for $1.2B