eBay Aligns Engages Trading Platform
San Jose, California - (Cheap Web Hosting Directory) - May 14, 2007 - E-commerce company, eBay Inc., has acquired a minority stake in the online marketplace, GittiGidiyor.com, to expand its online trading platform and offer a broader range of e-commerce services to Turkish buyers and sellers.
With more than 17 million Internet users — or one quarter of Turkey’s total population — and a strong affinity for online commerce, the Turkish e-commerce sector is a highly attractive market for eBay. The investment makes Turkey the 37th market where eBay has a local presence.
Lorrie Norrington, President of eBay international marketplaces remarked, ”GittiGidiyor.com has established a strong presence and brand name in Turkey. Its business model and community-centric approach make it an excellent complement to our marketplaces business.”
Terms of the agreement were not disclosed. eBay does not expect this investment to have a material impact on its financial guidance as issued in conjunction with its first quarter earnings release on April 18, 2007.
With more than 400,000 listings and more than 60 employees, GittiGidiyor.com is one of the leading players on the Turkish online trading market. GittiGidiyor.com was founded in 2000 by Serkan Borancili, Burak Divanlioglu and Tolga Kabatas and is headquartered in Istanbul.
For more information about eBay, please visit: www.ebay.com.
