Qoo10 acquires 86.2% of WeMakePrice
- Deal value
- —
- Stake
- 86.2%
- Implied 100%
- —
- Revenue
- $117m
- Op. income
- -$37m
- Multiples
- —
2022 별도 · DART-verified
2022 별도 · DART-verified
DART 20230414001835
- Target
- WeMakePrice · E-commerce (open market)
- Buyer
- Qoo10 · SI
- Seller
- Wonder Holdings
- Structure
- —
- Announced
- Apr 6, 2023
- Closed
- Apr 5, 2023
- Stage
- Closed
Target
WeMakePrice is a Korean e-commerce (open-market) platform operator that was owned by Wonder Holdings.
Deal rationale
Qoo10 said on April 6, 2023 that it signed an agreement to acquire Wonder Holdings' entire stake in WeMakePrice, taking management control and ownership of the mobile app (Byline Network). Qoo10 said it would run TMON, WeMakePrice and Interpark Commerce as separate platforms, with the stated goal of building a global e-commerce ecosystem based on its experience in Singapore, Japan and China (Metro). Reports said Wonder Holdings received Qoo10 shares as consideration.
| Revenue | $117m |
| Operating income | -$37m |
| EBITDA | — |
| Net income | — |
2022 별도 · DART-verified · 20230414001835
Press coverage
- 바이라인네트워크 (2023-04-06): “큐텐은 4월 5일 원더홀딩스가 보유한 위메프 지분 86.2%를 인수”
- 메트로경제 (2023-10-17): “올해 인터파크커머스와 위메프를 차례로 인수”
- 비즈워치 (2024-04-11): “위메프의 별도 기준 영업손실이 2022년 다시 538억원으로 늘더니”
This is a data entry summarising filings and press reports. Please check the original sources for the figures.