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Snapdeal board gives nod to continue Flipkart buyout talks

Snapdeal board gives nod to continue Flipkart buyout talks

After months of suspense and speculations, the future of Snapdeal has finally been decided. The Snapdeal board has accepted the revised offer of $900-950 million by Flipkart. A deal is now pending the approval of Snapdeal shareholders. The deal between Snapdeal and Flipkart, if completed, would mark the biggest acquisition in the Indian e-commerce space. The firms have not released any official statements yet.

read more at Hindustan Times

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