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Snapdeal searches for funds, takeover speculation grows

Snapdeal searches for funds, takeover speculation grows

Thursday, March 23, 2017, 6:22 PM

Snapdeal is seeking investment to shore up its finances after unsuccessful talks with Chinese funds and Alibaba Group Holding Ltd as it battles to remain competitive, sources said. Faced with the prospect of falling cash reserves and little interest from existing investors such as Japan's Softbank and U.S. hedge funds, Snapdeal is now increasingly being seen as an acquisition target, they said.
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