Top SGB Updates
South Korea’s Naver To Buy Poshmark For $1.2 billion
South Korean Internet giant Naver agreed to acquire Poshmark, the U.S.-based online resale platform, for roughly $1.2 billion. Naver is paying $17.90 per share in the all-cash deal. Poshmark closed Monday at $15.57.
SGB Executive
EXEC: Analysts Remain Bullish Long-Term For Nike Despite Inventory Woes
Analysts reduced their price targets for Nike after the company warned that gross margins would remain under pressure over the next few quarters as promotions would be required to clear bloated inventories. Most still held positive ratings on the stock on faith in Nike's long-term fundamentals.
