Poshmark's Acquisition Betrays Retail Consolidation

Naver to buy U.S. e-commerce site Poshmark for $1.2 billion

Hey Guys,

This recent acquisition is a bit in E-commerce is a bit odd.

Naver will acquire Poshmark for $17.90 per share in an all-cash deal that will value the online retailer at roughly $1.2 billion

Korean Internet search giant Naver acquires the second-hand clothing site Poshmark. If you're wondering who Naver is, it's one of the only companies that ha…