Alibaba nears deal to merge S.Korean operations with E-Mart in $4 bln deal, Bloomberg News reports

E-Mart

26/12/2024 06:35

Dec 26 (Reuters) - Alibaba Group Holding  9988.HK  is
nearing a deal to merge its South Korean operations with
E-Mart's  139480.KS  e-commerce platform in a transaction that
would value the new joint venture at about $4 billion, Bloomberg
News reported on Thursday.
    Talks are still ongoing and an agreement may take longer to
be reached, the report added, citing people familiar with the
matter.

 (Reporting by Mrinmay Dey in Bengaluru; Editing by Abinaya
Vijayaraghavan)
 ((mrinmay.dey@tr.com; +91 7362903319;))