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No Snapdeal sale to Flipkart for now

No Snapdeal sale to Flipkart for now

Wednesday, April 5, 2017, 10:26 AM

SoftBank again failed to convince the board of directors of Jasper Infotech Pvt Ltd, owner of Snapdeal, to sell the online marketplace to Flipkart. According to sources, the meeting, which went on for more than three hours, was not able to reach a consensus as the board of directors, including Kunal Bahl and Rohit Bansal, did not agree to the terms of the deal.
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