Ebay May Buy a 5% Stake of Snapdeal for $300 Million

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Snapdeal, the online marketplace for electronics, fashion and lifestyle commodities have a lucrative deal coming towards them. EBay, the world’s biggest online marketplace is considering a minority investment in the Indian e-commerce firm. The Nasdaq-listed company might primarily acquire only 5% stake valuing Snapdeal at approximately $ 300 million, said a reliable source. This way, eBay …
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