India: Flipkart-Snapdeal merger at risk as investor PremjiInvest objects

India: Flipkart-Snapdeal merger at risk as investor PremjiInvest objects

Photographer: Kuni Takahashi/Bloomberg

Flipkart Online Services Pvt.’s planned acquisition of rival Indian e-commerce provider Snapdeal has hit a snag that may put the deal in jeopardy, or at least substantially drive down Snapdeal’s valuation from a previously agreed-upon $1 billion.

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