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Flipkart lifts bid for rival Snapdeal to up to $950 million - sources

Reuters  |  MUMBAI 

By Sankalp PhartiyalMUMBAI (Reuters) - E-commerce player Flipkart has sweetened its buyout offer for smaller rival Snapdeal to between $900 million and $950 million, two people familiar with the negotiations said, adding that the new proposal is being evaluated by Snapdeal's board.Reuters previously reported that Snapdeal had earlier this month rejected Flipkart's initial bid of between $800 million and $850 million as its board was unsatisfied with the offer and the payment terms.Flipkart's revised offer was made for Snapdeal's marketplace and its e-commerce solutions provider Unicommerce ...

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First Published: Tue, July 18 2017. 12:48 IST
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