India: Snapdeal isn’t worth $850m but, in e-commerce world, weird is normal

India: Snapdeal isn’t worth $850m but, in e-commerce world, weird is normal

Photo: Mint

Online retailer Flipkart has sent a revised buyout offer of roughly $850 million to smaller rival Snapdeal, according to a Mint report. This is about $150 million more than its offer about two weeks ago, which was rejected by Snapdeal’s board.

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