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Snapdeal's top investor pushes sale to Flipkart

Snapdeal's top investor pushes sale to Flipkart

Tuesday, March 28, 2017, 8:50 AM

Japanese giant SoftBank is orchestrating a possible merger between the struggling Snapdeal and its bigger rival Flipkart. The deal, if it materializes, could bring about the most significant consolidation in the cash-guzzling domestic e-commerce market. The Japanese telecom and internet group is likely to invest up to $1.5bn in the merged entity by picking up primary and secondary shares.
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