Snapdeal sale to Flipkart stopped

SoftBank's plan to sell the Indian e-commerce company Snapdeal to Flipkart was reportedly stopped.  Softbank's failure to convince the board of directors of Jasper Infotech Pvt Ltd, owner of Snapdeal is said to be the reason behind the failure of this deal. Noticeably, SoftBank holds 33 per cent stake in Snapdeal.

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