sanook
eBay and Sanook! To Launch New Co-branded
e-Commerce Site in Thailand
Bangkok, Thailand, May 28, 2007 – eBay, the leading global online marketplace, has announced an agreement with Sanook!, Thailand’s number one online portal, to launch an e-commerce site that will enable individuals and businesses in Thailand to participate in local trade as well as cross-border trade through eBay’s global Web sites. The co-branded Thai-language Web site, which will be called Sanook!eBay, is expected to launch in approximately five to seven months. Once the site is launched, Thailand will be the 38th market where eBay has a local presence. The photo shows Mr. Dan Neary, eBay Regional Vice-President of Emerging Markets (left) and Mr. Torboon Puangmaha, CEO, Sanook!, (right) at the signing ceremony.
About Sanook.com
Sanook.com was established in 1998 as a subsidiary of MIH Group, a wholly-owned subsidiary of Naspers Limited. Naspers Limited (JSE: NPN, NASDAQ: NPSN), is a multinational media company operating in 50 countries. Its principal operations include electronic media (including pay-television, Internet and instant-messaging subscriber platforms and the provision of related technologies) and print media (including the publishing, distribution and printing of magazines, newspapers and books, and the provision of private education services). Sanook! is a leading Internet brand and the most trafficked Internet destination for Thais. Sanook! offerings are search engine, marketplace, entertainment, infotainment, communication, social networking, mobile services, online advertising and search marketing.
About eBay Inc.
Founded in 1995, eBay Inc. connects hundreds of millions of people around the world every day, empowering them to explore new opportunities and innovate together. eBay Inc. does this by providing the Internet platforms of choice for global commerce, payments and communications. Since its inception, eBay Inc. has expanded to include some of the strongest brands in the world, including eBay, PayPal, Skype, Shopping.com, and others. eBay Inc. is headquartered in San Jose, California.
Forward-Looking Statements
This announcement contains forward-looking statements regarding eBay, Sanook.com and the expected impact of eBay’s commercial agreement with Sanook.com on eBay#s financial guidance. Those statements involve risks and uncertainties, and actual results could differ materially from those discussed. Factors that could cause or contribute to such differences include, but are not limited to, risks associated with eBay#s international operations, the rate of growth of the e-commerce market in Thailand, the reaction of competitors to the agreement, and the possibility that the expected benefits of the commercial agreement with Sanook.com may not materialize to the extent expected or at all. More information about potential factors that could impact eBay#s business and financial results is included under the captions, "Risk Factors" and "Management#s Discussion and Analysis of Financial Condition and Results of Operations," in eBay#s Annual Report on Form 10-K for the fiscal year ended December 31, 2006 and Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2007 which are on file with the U.S. Securities and Exchange Commission (the "SEC") and available at the SEC#s website at www.sec.gov. All forward-looking statements are based on information available to eBay on the date hereof, and eBay assumes no obligation to update such statements.
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