Wednesday, April 13, 2011

eBay (EBAY) Increases Stake in GittiGidiyor

Ebay (NASDAQ:EBAY) has owned a stake in GittiGidiyor since 2007, and has announced it has increased its will increase its stake in the company in a big way.

GittiGidiyor is an online marketplace based in Turkey, which eBay holds a minority stake in at this time. Once the deal is completely, eBay will have a majority stake of about 93 percent in the company.

Ebay closed Tuesday at $30.70, falling $0.49, or 1.57 percent.

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