India: Snapdeal rejects Flipkart’s $700-750m buyout offer

Snapdeal
Photographer: Kuni Takahashi/Bloomberg

The board of struggling online marketplace Snapdeal has rejected an offer of roughly $700-750 million from larger rival Flipkart, creating a new hurdle in a proposed deal that has attracted criticism from some Snapdeal shareholders, said three people familiar with the matter.

Continue reading this story with a subscription to DealStreetAsia.

Subscribe