Flipkart Ups Its Offer For Snapdeal
PYMNTS
JULY 19, 2017
Flipkart, the Indian eCommerce company moved to raise its offer of to up to $950 million for Snapdeal, boosting the chances of the deal going through. A previous Reuters report pegged the price tag for the deal at between $800 million and $850 million, which Snapdeal’s board rejected. Snapdeal employs 1,500, noted the report.
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