Wallapop Is Sold to South Korean Investor Naver

Forbes España

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The Wallapop shareholders’ meeting has approved the sale of the company to the South Korean multinational technology company Naver, which was already a reference shareholder with 30.4% of the capital through the C-Fund fund. The operation values 100% of the company at 600 million euros, and Naver will pay out about 420 million euros [...] The Wallapop entry closes its sale to Naver in a transaction valued at 600 million euros aparece primero en …

Expansión

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The shareholders' meeting approved this Friday the operation with the Asian multinational, to which has opposed 14W, one of the reference partners of the popular platform. Read

ADSLZone

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The well-known sale application of second-hand items has found buyer in one of its reference shareholders: South Korean Naver. With this agreement, it concludes one of the great operations of summer in the startup ecosystem. On 17 July, we reported that the South Korean group Naver had presented its first offer on Wallapop with the aim of taking control of it. Just a few minutes ago, the Economist confirmed the agreement between the two companie…

La Vanguardia

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Wallapop opens a new stage under the umbrella of the Naver group. The well-known second-hand product platform has passed into the hands of this South Korean investor. This morning, the shareholders’ meeting gave the green light to the operation. Continue reading...