India: Flipkart sends Snapdeal revised buyout offer of $850m

India: Flipkart sends Snapdeal revised buyout offer of $850m

An employee cleans a Snapdeal logo at its headquarters in Gurugram on the outskirts of New Delhi, India, April 3, 2017. REUTERS/Adnan Abidi

Online retail firm Flipkart has sent a revised buyout offer to smaller rival Snapdeal of roughly $850 million, said two people familiar with the matter.

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