Thursday, 11 May 2017

Was this expected? Flipkart to buy Snapdeal as investor

Snapdeal founders Kunal Bahl and Rohit Bansal and early investor Nexus Venture Partners have reportedly reached an agreement with its biggest investor SoftBank for sale to Flipkart. 

Flipkart is expected to sign the term sheet and start due diligence of Snapdeal. Earlier, reports claimed the deal hit a logjam as founders and investor Nexus didn't agree to SoftBank's terms.

Source: Inshorts

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