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.