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Wednesday, June 23, 2004

eBay takes over

India largest online marketplace was sold to eBay, worlds largest online auctioneer. and its subsidiary companies were sold at $50 million. This step by eBay will provide them to enter the virgin market of E-commerce in India which is very low now but can have a bright future for the coming years added Meg Whitman, President and CEO of eBay, in the media release. In turn will use this combination for a broader range of products for Indian consumers.