Indian e-commerce firm Snapdeal said to be in talks to acquire rival ShopClues

Snapdeal. Photo: Reuters

Indian e-commerce firm Snapdeal is reportedly in talks to acquire rival online marketplace ShopClues in an all-stock deal.

The due diligence process has already begun and the proposed transaction is likely to value ShopClues at $200-250 million, a CNBC report on Tuesday said, quoting sources.

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