SEOUL -- Naver will buy U.S. fashion e-commerce platform Poshmark in a deal worth $1.6 billion, the South Korean tech company said Tuesday, marking its biggest acquisition ever.
Business deals
South Korea's Naver to buy U.S. fashion app Poshmark in $1.6bn deal
Deal allows expansion into North America's e-commerce market
Consumer-to-consumer fashion marketplace Poshmark boasts 37 million users. (Photo courtesy of Poshmark)
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