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eBay will sell most of its stake in Latin American online marketplace MercadoLibre

(Bloomberg)—EBay Inc. said it is selling most of its stake in MercadoLibre Inc., Latin America’s largest online marketplace, and will use the proceeds for other purposes. MercadoLibre said eBay is offering up to 5.5 million shares, and underwriters Morgan Stanley and JPMorgan Chase & Co. have an option to buy 825,000 extra MercadoLibre shares. At […]

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