Flipkart buys Myntra, redrawing online retail landscape1 min read 22 May 2014, 01:05 PM IST
The long-awaited cash-and-stock deal is likely to value Myntra at more than $330 million
Bangalore: Flipkart India Pvt. Ltd, India’s largest e-commerce firm, is buying rival Myntra.com in the largest-ever deal in the fast-growing Internet business, as Flipkart seeks to extend its lead over rivals and boost its valuation ahead of a potential initial public offering.
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