eBay
  • EBay Acquires Turkish Marketplace GittiGidiyor

    Amazon To Let Shoppers Bargain For Lower Prices With New "Make An Offer" Option

  • EBay Acquires Turkish Marketplace GittiGidiyor

    eBay Debuts "Innovators Collective," A Tech-Focused Section Featuring New Lifestyle Products, Electronics And More

  • EBay Acquires Turkish Marketplace GittiGidiyor

    Ebay Now Pulled From App Store As Company Rethinks Its Same-Day Delivery Plans

  • foreheadse more...

eBay Acquires Turkish Marketplace GittiGidiyor

submitted Apr 12, 2011 by (@leenarao)
  • 0

    SHARES
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.

Advertisement
    Advertisement

    EBay Acquires Turkish Marketplace GittiGidiyor Newsletters

    Related Videos

    • EBay Acquires Turkish Marketplace GittiGidiyor
      Play Video

      Farmigo | Built in Brooklyn

      6:29
    • EBay Acquires Turkish Marketplace GittiGidiyor
      Play Video

      TechCrunch Holiday Party

    • EBay Acquires Turkish Marketplace GittiGidiyor
      Play Video

      BlackBerry lessonic | Hands On

    More Related Videos