Snapdeal to seek shareholders view before giving final nod to Flipkart

E-commerce major Snapdeal’s board will seek the views of all shareholders, including Tata group chairman emeritus Ratan Tata and Premji Invest, on the proposed merger with larger rival Flipkart. The company will share details of the deal with all stakeholders.

SoftBank started talks with Tiger Global, lead investor in Flipkart, for the merger five months back. But the deal has moved slowly.

Sources close to the Snapdeal board said the company would get feedback from the investors in the next few days, and the deal might finally get approved.

According to sources, Flipkart has offered $900-950 million for Snapdeal. “The deal is almost