eBay
  • EBay Acquires Turkish Marketplace GittiGidiyor

    eBay Is Betting On Bringing Commerce To Wearables And Other Connected Devices

  • EBay Acquires Turkish Marketplace GittiGidiyor

    eBay Now Allows Virtual Currency Sales

  • EBay Acquires Turkish Marketplace GittiGidiyor

    eBay Fires Off Another Anti-Icahn Missive To Convince Shareholders To Hold On To PayPal

  • foreheadse more...

eBay Acquires Turkish Marketplace GittiGidiyor

submitted Apr 12, 2011 by (@leenarao)
Next Story

The HTC Sensation 4G Is Officially Official

EBay Acquires Turkish Marketplace GittiGidiyoreBay is announcing the acquisition of Turkish auction marketplace GittiGidiyor. The deal follows eBay's acquisition of a minority stake in the company in 2007. With the new investment, eBay now owns approximately 93% of the outstanding shares of GittiGidiyor. Terms of the deal were not disclosed.

Launched in, 2001, GittiGidiyor has more than 6.4 million registered users. GittoGidyor is fundamentally an eBay clone, but localized for the Turkish market. The commerce also includes a mandatory escrow service for payments between buyer and seller. GittiGidyor's largest categories are Fashion and Consumer Electronics. moreover to eBay, the company formerly raised capital from iLab Ventures, founded and led by have toafa E. Say.

eBay also believes that traffic and usage of the marketplace will increase, as Turkey is the world's 12th largest market for Internet usage, and has a penetration rate of 45%.

Serkan Borançılı, co-founder and chairman of GittiGidiyor's board of directors, issued this statement: fitting an eBay company is a source of fantastic pride for GittiGidiyor…By being fully part of eBay, we can accelerate our development, benefit from world lesson best practices and consolidate our leadership position in one of Europe is fastest growing ecommerce markets.

  • EBay Acquires Turkish Marketplace GittiGidiyor
Advertisement
    Advertisement

    CrunchDaily

    Latest headlines delivered to you daily

    Related Videos

    • EBay Acquires Turkish Marketplace GittiGidiyor
      Play Video

      Gillmor Gang: Action Items

      1:30:21
    • EBay Acquires Turkish Marketplace GittiGidiyor
      Play Video

      Chui the Crowdfunded Smart Doorbell

    • EBay Acquires Turkish Marketplace GittiGidiyor
      Play Video

      Next World Capital's Ben Fu | Ask A VC

    More Related Videos
    • eBay
      • EBay Acquires Turkish Marketplace GittiGidiyor

        eBay is Betting On Bringing Commerce To

        submitted Apr 6, 2014
      • EBay Acquires Turkish Marketplace GittiGidiyor

        eBay Now Allows Virtual Currency Sales

        submitted Apr 4, 2014
      • EBay Acquires Turkish Marketplace GittiGidiyor

        eBay Fires Off Another Anti-Icahn Missive To

        submitted Mar 25, 2014
      • EBay Acquires Turkish Marketplace GittiGidiyor

        Eyeing Expansion In BRICs, eBay Doubles Down

        submitted Mar 9, 2014
      • EBay Acquires Turkish Marketplace GittiGidiyor

        PayPal Is Rolling Out Its New Site

        submitted Mar 8, 2014
      • More eBay articles