eBay to acquire Giosis' Japan business, terms not disclosed
eBay will expand its presence in Japan with the acquisition of Giosis' Japan business, including the Qoo10.jp platform. eBay currently is an investor in Giosis Pte. Ltd., which runs a number of localized marketplaces in Asia, including Giosis' Japan business. As part of the transaction, eBay will relinquish its investment in Giosis' non-Japanese businesses. Additional terms of the deal are not being disclosed. eBay made an initial investment in Giosis Pte. Ltd. in 2010. Since then, Giosis has established dynamic marketplace businesses across Asia. The acquisition is expected to close in the second quarter of 2018. The company will provide an update on any financial impact related to this transaction when it reports its first quarter earnings results in April 2018.