SoftBank keen on Snapdeal sale to Flipkart for possible merger- Report


If successful, it will be the biggest deal India’s cash-strapped e-comm market.

Chua Kee Lock says success stories lead to bigger IPOs, and also help in creating larger success stories, which , in turn, leads to bigger companies like the Alibabas, the Tencents and the Baidus. Then these companies become the acquirers.
Photo: Mint
India Digest: Flipkart eyes eBay India ops; Snapdeal to exit TV shopping JV

While Flipkart is looking at acquiring rival eBay’s India operations as part of its $2 billion funding plan, another e-commerce major Snapdeal is planning to exit its TV shopping joint venture with DEN Networks. Flipkart looks to acquire eBay India operations Country’s largest e-commerce company Flipkart is looking to acquire eBay’s… Read more »

Flipkart | Photo: Mint
Pic:  Reuters
India: Snapdeal in talks with Flipkart, Paytm for potential sale

Online marketplace Snapdeal, which has been struggling to raise fresh funds, is in preliminary talks with two of its biggest rivals—Paytm E-Commerce Pvt. Ltd and Flipkart India—for a potential sale that could value the company at less than the total equity raised by parent Jasper Infotech Pvt. Ltd, according to… Read more »

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A view of the SGX signage outside their office in Singapore March 2, 2017.  REUTERS/Edgar Su