Spanish secondhand marketplace Wallapop has been acquired by South Korean internet giant Naver for €600 million, marking one of the largest exits in Spanish tech history. The deal, finalized at the end of January, positions Naver as a significant player in the European second-hand market. Wallapop, founded in 2014, was valued at €600m, a figure underscoring its rapid growth and strategic importance to Naver's global expansion plans. This acquisition highlights the increasing interest of Asian tech firms in European digital assets, particularly in the thriving e-commerce sector. The scale they have dwarfs ours - this statement by Wallapop's CEO, Wigkjtj, captures the perceived disparity in resources between the two companies.

The transaction values Wallapop at €600m, representing a substantial return for its investors and founders. The scale they have dwarfs ours - this statement by Wallapop's CEO, Wigkjtj, captures the perceived disparity in resources between the two companies. The transaction values Wallapop at €600m, representing a substantial return for its investors and founders.