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EBay Is Close to $700 Million Deal for Qoo10's Japan Assets

An employee demonstrates the app for Qoo10.

An employee demonstrates the app for Qoo10.

Photographer: Nicky Loh/Bloomberg
Updated on

EBay Inc., operator of the namesake online marketplace, is close to a deal for the Japanese assets of e-commerce site Qoo10, a person familiar with the matter said.

The San Jose, California-based company is buying the assets from its joint-venture partner Giosis Pte, the person said, asking not to be identified as the details are private. Under the proposed $700 million deal, EBay would give up its stake in Giosis, the person said.