 "flipkart")
E-commerce major Flipkart on Tuesday said it has completed the merger with eBay India's operations. With this, eBay.in will now be a Flipkart Group company.
The deal was announced in April when the Flipkart group raised $1.4 billion from global technology majors eBay, Tencent, and Microsoft.
In exchange of an equity stake in Flipkart, eBay had made a cash investment of $500 million and sold its eBay.in business to Flipkart.
The announcement comes a day after smaller rival Snapdeal said it was terminating all discussions of a potential merger.
While Snapdeal did not name Flipkart, it had been widely reported that both were negotiating
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