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eBay plans to close sale to Flipkart in second half of the year

eBay plans to close sale to Flipkart in second half of the year

Friday, April 21, 2017, 6:45 AM

American ecommerce marketplace eBay looks to close sale of its India business to Flipkart early in the second half of this year and hopes its $500-million investment in and strategic partnership with the country’s top online marketplace will boost its India play. eBay will stop reporting active sales in India and related financials once the sale is closed.
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