(Reuters) - Alibaba Group Holding is nearing a deal to merge its South Korean operations with E-Mart's e-commerce platform in a transaction that would value the new joint venture at about $4 billion,
Alibaba and E-Mart Close to $4 Billion Merger in South Korea
(Reuters) - Alibaba Group Holding is nearing a deal to merge its South Korean operations with E-Mart's e-commerce platform in a transaction that would value the new joint venture at about $4 billion, Bloomberg News reported on Thursday.
Talks are still ongoing and an agreement may take longer to be reached, the report added, citing people familiar with the matter.
(Reporting by Mrinmay Dey in Bengaluru; Editing by Abinaya Vijayaraghavan)
