Going, going, gone

eBay buys Korean online auction house - Internet Auction - a further example of global internet companies feasting on their Asian cousins.
January 08, 2001

eBay, the world's largest and best known internet auction company, has agreed to buy Internet Auction, the largest Korean online auction company, for $120 million in cash. With 2.8 million users, this price equates to almost $43 per registered user.

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