Why did eBay sell its India operations to Flipkart?

After Flipkart declared the acquisition of eBay's India operations and increased $500 million from it, eBay's CEO Devin Wenig said, "Flipkart had an adamant close to last year." "There weren't going to be ten winners, but maybe only one or two. And Flipkart, given all of that, was the natural party to align with", he added.

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