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Snapdeal acquisition to benefit Tiger Global more than Flipkart

Snapdeal acquisition to benefit Tiger Global more than Flipkart

Monday, April 17, 2017, 8:48 AM

A $1 billion buyout of struggling online marketplace Snapdeal by Flipkart may yield more immediate benefits to Tiger Global Management, Flipkart’s largest investor, than to the buyer or to Indian consumers. The deal may see SoftBank buy some of Tiger’s holdings in Flipkart and put additional cash into the company, said two people familiar with the matter.
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