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Hi Fellow Fools,

This just in:

MercadoLibre Inc. (NASDAQ:MELI) the leader in the Latin American e-commerce industry has a long history with eBay Inc. (NASDAQ:EBAY). The two companies first partnered back in late 2001 after competing for a time in the region. As part of the agreement, MercadoLibre received Brazilian online trading platform iBazar and eBay acquired a 19.5% stake in MercadoLibre. Additionally, eBay agreed to "share best practices with the company".

eBay has been divesting itself of some of its most well known and profitable businesses. Is it making the right decision? Only time will tell, but early indications seem to indicate otherwise.

Phoenix 1 Contributor
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