Acted As Advisor On The Acquisition By Yahoo! Of A 10 Percent Stake In Gmarket
Hong Kong – July 4, 2006 – LAWFUEL – Law News Network – Debevoise & Plimpton LLP today announced that it represented Gmarket Inc. in its $139 million initial public offering on the Nasdaq Stock Market, and that it also recently advised Gmarket in the agreement by Yahoo! Inc. to acquire a stake of approximately 10 percent in Gmarket from Oak Investment Partners.
Gmarket Inc. is a leading e-commerce provider in Korea, providing to consumers an evergrowing selection of products at competitive prices in a convenient buying environment and sellers a cost effective, end-to-end sales and marketing channel. Debevoise & Plimpton LLP is a leading international law firm with offices in New York, Washington D.C., London, Paris, Frankfurt, Moscow, Hong Kong and Shanghai.
The Debevoise team was led out of Hong Kong by partner Thomas M. Britt, III and International Counsel Mark J. Lee, and included associates David Cho and Heon Yup Lee.