Tue, Aug 01, 2017
SoftBank is the largest investor in Snapdeal and with this deal (Snapdeal-Flipkart merger) the Japanese firm was trying to engineer an all-stock transaction for months, as a means to secure a sizeable stake in Flipkart.
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Mon, Jul 17, 2017
Earlier, Flipkart had offered $850 million for buying Snapdeal, but got rejected as the latter found the amount undervalued the company given that the due diligence report was clean.
Mon, Jul 10, 2017
The new offer is likely to be closer to $1 billion mark, which was the initial asking price for acquisition of beleaguered e-commerce marketplace, sources privy to the development said.
Mon, May 29, 2017
It is not clear how long the fresh financing round will help Snapdeal in continuing operations as it faces intense competition from rivals Flipkart and Amazon.
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