Flipkart lifts bid for rival Snapdeal to up to $950 million
Indian web based business player Flipkart has sweetened its buyout offer for littler opponent Snapdeal to between $900 million and $950 million, two individuals comfortable with the arrangements stated, including that the new proposition is being assessed by the organization’s board.
Reuters beforehand revealed that Snapdeal had not long ago rejected Flipkart’s underlying offered of between $800 million and $850 million, as its board was unsatisfied with the offer and the installment terms.
The sources, who requested that not be named as the exchanges are not open, said talks between the two sides are progressing.
Flipkart, Snapdeal and its fundamental benefactors were not instantly reachable for input.
MUMBAI: Officials of the Maharashtra Food and Drug Administration (FDA) have filed an FIR against e-commerce entity Snapdeal's officials, dealers Read more
MUMBAI: Revenue from online ticketing on Indian Railway Catering and Tourism Corp crossed the Rs 20,000-crore mark during the year Read more
NEW DELHI: The latest big problem staring at India's top internet companies is attrition, especially in their senior ranks. Flipkart, Read more
New Delhi: Amid growing competition from rivals like Amazon and Flipkart, e-commerce major Snapdeal has put its 200 employees on Read more
