In exchange for an equity stake in Flipkart, US - based eBay will make a $500 million cash investment and sell its eBay. in business Flipkart .
Flipkart will own and operate eBay. in business upon close of transaction, which is expected to close by the end of this year.
eBay and Flipkart have also entered into an exclusive agreement in which they will jointly pursue cross - border trade opportunities.
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