JSA, CAM, Morgan Lewis, Gunderson, Allen Act As Counsels On Flipkart-eBay.in Merger

In April, Flipkart had raised $1.4 billion from eBay, Microsoft, and Tencent at a valuation of $11.6 billion. In exchange for an equity stake in Flipkart, eBay had made cash investment and sold its eBay.in business to Flipkart.

Reportedly, with Flipkart now completing the acquisition of eBay’s India arm, it will begin offering the global inventory of eBay to Indian consumers while taking the products of thousands of sellers in the country to eBay’s customers globally.

J. Sagar Associates acted as Indian counsel for eBay and the team was led by Partners Vivek K. Chandy and Archana Tewary along with Principal Associate Siddharth K. Vedula, Senior Associate Ritika Vaswani Pooranimaa Hariharan and Associates Medha Shah, Astha Shrivastava and Anand Balaji.

JSA Partners Amitabh Kumar and Vaibhav Choukse along with Associate Diksha Rai advised on anti-trust law compliances while Partner Kumarmangalam Vijay advised on certain tax related aspects of the deal.

Morgan Lewis & Bockius, USA acted as US counsel to eBay and the team included Partners William Perkins and Dinesh Melwani and Associates Zachary Zemlin and JiWon Park.

Morgan Lewis & Bockius, Singapore Partner Joo Khin Ng acted as Singapore counsel to eBay.

Cyril Amarchand Mangaldas advised Flipkart with a team led by Partners Nivedita Rao, Anand Jayachandran, Arun Prabhu along with Principal Associate Richa Mohanty, Senior Associate Aditya Prasad and Associates Hita Kumar and Rajalakshmi Natarajan.

Gunderson Dettmer acted as US Counsel to Flipkart and the team included Partners Steven L. Baglio, Jonathan C. Pentzien, Ferish P. Patel, Hozefa M. Botee, Andrew Y. Luh, Ward Breeze and David P. Sharrow and Associates Rick Fortunato, Margaux J. Knee, Ryan J. Grimm, Emily M. Lieberman, Teghan Binnings.

Allen Gledhill acted as Singapore counsel to Flipkart.