ebay Is Planning To Sell Part of Snapdeal Stake To Focus On Its India Entity

ebay which invested in Snapdeal in 2014 is selling parts of its stake to focus on its India entity.

The sale of the partial stake will earn eBay about the amount it invested in Snapdeal for all of its shares, while still giving it the upside to earn more with its remaining stake (source).

Snapdeal is rumored to be raising $500mn in funding from Alibaba and Foxconn and while eBay’s investment in Snapdeal in 2014 was part of a possible M&A plan, the current valuation of Snapdeal (~$5Bn) has possibly forced ebay to sell its stake and instead focus on its India entity.

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