Flipkart to acquire eBay's India operations: Reports

According to reports, online shopping giant Flipkart is acquiring eBay India in a deal that is part of a $2 billion fundraising. However, Flipkart has not confirmed the reports yet. Reports earlier claimed that Flipkart has closed its $1 billion funding from Microsoft, Tencent and eBay, and plans to raise $1 billion more. Notably, eBay is a small investor in Flipkart's rival Snapdeal.

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