Flipkart Acquires eBay India to Take On Global Gaints Amazon Inc

Flipkart has announced the acquisition of eBay India unit in an all-cash deal and decided to keep it as a separate entity as part of its game plan to compete with its Indian ecommerce arch-rival Amazon. Flipkart’s eBay acquisition will give access to C2C ecommerce market globally. The deal comes as a part of Flipkart’s …