Flipkart-eBay merger gets CCI nod
Copywriter at Amura Marketing Technologies
Published on June 19, 2017 in Business • Source: VCCircle

Key Takeaways from this article

eBay’s subscription of Flipkart’s shares issued by its Singapore headquarters was accepted by CCI on June 15
eBay Inc. invested $500 million into Flipkart this April - it sold off its India business in order to acquire a stake in the company
The two giants have signed a cross-border trade agreement wherein customers of Flipkart can access eBay’s global inventory & eBay’s customers will have access to Flipkart's Indian inventory