In the universe of Snapdeal and Flipkart everyone is hopeful, but of different things. Japanese telecom giant SoftBank and US hedge fund major Tiger Global are hopeful of merging the two e-commerce players. Snapdeal’s...
Snapdeal-Flipkart deal falling apart after six months of hard negotiations
A crucial meeting to settle the proposed merger of beleaguered online marketplace Snapdeal with market leader Flipkart, due to take place in Bengaluru over Monday and Tuesday, has been called off, said three people...
Kunal Bahl seeks to boost morale at Snapdeal after Freecharge sale
The sale of Freecharge to Axis Bank will provide Snapdeal the “necessary boost in resources” to continue its e-commerce journey, Snapdeal CEO Kunal Bahl said. Just hours after the deal was announced, Bahl wrote to...
Tata and Temasek approve merger of Snapdeal, Flipkart
Tata group Chairman Emeritus Ratan Tata, Temasek, BlackRock and Foxconn, all high-profile stakeholders of Gurgaon-based online marketplace Snapdeal, have reportedly given in-principle approval to its merger with rival...
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...
Will a Snapdeal-Infibeam merger be a union of unequals?
The proposed ‘Plan B’ by Snapdeal founders Kunal Bahl and Rohit Bansal to sell off the erstwhile e-commerce unicorn to Infibeam will be an interesting union of unequals. While Infibeam, the only listed e-commerce firm...
Snapdeal sale to Flipkart hits roadblock as founders want Infibeam buyout
The board of struggling online marketplace Snapdeal (Jasper Infotech Pvt. Ltd) is again divided about the company’s proposed sale, casting doubt about its future. Snapdeal co-founders Kunal Bahl and Rohit Bansal are...
Activist Jana cashes out of Whole Foods following Amazon deal
Activist investor Jana Partners LLC cashed out of its position in Whole Foods Market Inc (WFM.O), a regulatory filing showed on Wednesday, after the upscale grocer agreed to be acquired by Amazon.com Inc (AMZN.O) in a...
Flipkart sends Snapdeal revised buyout offer of $850 million
Online retail firm Flipkart has sent a revised buyout offer to smaller rival Snapdeal of roughly $850 million, said two people familiar with the matter. Flipkart has offered to pay $650-700 million in stock immediately...
U.S. lawmaker calls for hearing on Amazon’s Whole Foods deal
The top Democrat on the U.S. House of Representatives’ antitrust subcommittee has voiced concerns about Amazon.com Inc’s (AMZN.O) $13.7 billion plan to buy Whole Foods Market Inc (WFM.O) and is pushing for a...
Snapdeal wants Flipkart to pay at least $900 million for buyout deal
Online marketplace Snapdeal has asked bigger rival Flipkart to pay at least $900 million in stock after rejecting the latter’s latest buyout offer, said two people familiar with the matter. Flipkart is yet to respond to...
Paytm Mall in talks to acquire $200 million stake in BigBasket
Alibaba-backed online marketplace Paytm Mall has initiated discussions to acquire a minority stake in online grocery retailer BigBasket for $200 million, one person familiar with the matter said. No deal has been agreed...
