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Snapdeal-Flipkart merger called off

Snapdeal-Flipkart merger called off

6 months after intense negotiations, Snapdeal has called-off talks with Flipkart regarding a potential merger. "The company has decided to pursue an independent path and is terminating all strategic discussions," Snapdeal has said. This comes days after it sold its FreeCharge to Axis Bank for Rs.385cr, the sale reportedly gave it fuel to sustain its battle in the market. Key stakeholder, Softbank has also supported the company in this decision.

read more at Economic Times

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