Home-grown e-commerce major Flipkart is reportedly planning to buy its competitor Snapdeal for $350-400 million. Notably, this contradicts earlier reports of Flipkart accepting to buy Snapdeal for $1 billion in an all-stock deal. The $400 million value for Snapdeal is reportedly 94% lesser than its earlier valuation of $6.5 billion.
By Praveen | Jun 22, 2017 10:59 PM #Flipkart #Snapdeal
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