31 Jul

Flipkart’s on-off-on-off-on-off deal to acquire Snapdeal is now officially dead

 What a difference a week makes. Less than seven days after Flipkart’s much-rumored acquisition of Snapdeal appeared to be nearing completion after months of speculation, the deal has officially died.
All that stood between a reported $900-$950 million acquisition was the approval of Snapdeal’s board, but now talks are over and Snapdeal will continue on as an independent company. Read More
Source: TechCrunch – Funding and Exits

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