Flipkart makes $1 billion informal offer for Snapdeal amid SoftBank sale push2 min read . Updated: 12 May 2017, 06:15 PM IST
Flipkart's offer for Snapdeal is non-binding, due diligence may begin next week as Softbank seeks to bridge consensus on exit payouts to investors Kalaari, Nexus
India’s largest online marketplace Flipkart has made an informal offer to buy struggling smaller rival Snapdeal for $1 billion in an all-stock deal, amid persistent differences between Snapdeal’s largest investor SoftBank Group and two other key shareholders.
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