July 18 - 10:07
eBay to acquire stake in Indian ecommerce platform Paytm Mall
eBay is to acquire 5.5% of Indian ecommerce marketplace Paytm Mall. The deal will make eBay inventory accessible to tens of millions of Paytm Mall active customers in India. The value of the agreement has not been disclosed but a report by Tech Crunch quoting sources close to the matter said that eBay has paid between $150 million and $200 million for the stake.
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