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eBay buy 93% stake in Turkish marketplace GittiGidiyor

By Chris Dawson April 12, 2011 - 7:07 pm

eBay have announced agreement to acquire additional shares in GittiGidiyor, the leading online marketplace in Turkey. GittiGidiyor now sports a proud “In Partnership with eBay” logo.

The deal follows eBay’s acquisition of a minority stake in the company in 2007. Upon closing of the transaction, eBay will own approximately 93% of the outstanding shares of GittiGidiyor.

Launched on February 5, 2001, GittiGidiyor has more than 6.4 million registered users, 500 thousand daily visitors and 2.5 million live listings. According to Internet World Stats, Turkey is the world’s twelfth largest market for Internet usage, with a penetration rate of 45%

The company’s business model is complementary to eBay’s with the addition of a compulsory escrow service for payments between buyer and seller. Today, all of GittiGidiyor’s transactions come from fixed price listings with the largest categories being Fashion and Consumer Electronics.

  • JohnC
    11 years ago

    The name doesn’t really work well in English.

Featured in this article from the Tamebay Guide – companies that can help you grow and manage your business.

GittiGidiyor

GittiGidiyor was founded in 2001 and is notable because it became Turkey’s leading ecommerce marketplace very quickly.

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