Dish Network Corp. chief executive Charlie Ergen and Amazon.com Inc. head Jeff Bezos have discussed a partnership to enter the wireless business, the Wall Street Journal reported, citing people familiar with the matter...
Amazon invests Rs1,680 crore more in its India unit
Amazon, the world’s biggest online retailer, has invested another Rs1,680 crore in its Indian unit as part of its commitment to invest $5 billion to expand its local business, which is locked in a battle with arch-rival...
Snapdeal board rejects Flipkart’s $800-mn buyout offer
The board members of online marketplace Snapdeal have rejected the offer of $800 million made by Tiger Global-backed domestic online retail giant Flipkart, but sources said talks are still on. The Snapdeal board, which...
Nike-Amazon deal may hurt sporting goods retailers: analysts
Nike’s pilot program to sell certain products on Amazon and Instagram is a precursor to it forging a deeper relationship with online retailers and could hit sales at sporting goods retailers such as Foot Locker...
Alibaba to invest $1 billion in Lazada to boost Asia expansion
Alibaba Group Holding Ltd will invest another $1 billion to raise its stake in online mall Lazada Group SA to 83%, securing control of a fast-growing start-up at the vanguard of its Southeast Asian expansion. The...
Snapdeal sale to Flipkart delayed due to complex due diligence process
A complex due diligence process is delaying the Snapdeal sale to Flipkart, two people familiar with the matter said. Snapdeal’s sale to Flipkart is on track despite the delay with the due diligence process, the people...
Flipkart, Snapdeal merger at risk as Azim Premji’s PremjiInvest objects
Flipkart Online Services Pvt.’s planned acquisition of rival Indian e-commerce provider Snapdeal has hit a snag that may put the deal in jeopardy, or at least substantially drive down Snapdeal’s valuation from a...
Whole Foods deal would give Amazon an unfair advantage, say critics
While antitrust experts expect Amazon.com Inc’s bid for Whole Foods Market Inc to win regulatory approval, some critics argue the deal should be blocked because it gives the online retailer a nearly unstoppable...
MaxWholesale raises $1 million from Indian Angel Network, Maple Capital
MaxWholesale, a mobile-based business-to-business commerce platform, has raised $1 million from Indian Angel Network and existing investor Maple Capital Advisors to connect FMCG companies to local Kirana stores. The...
With Whole Foods, Amazon on collision course with Wal-Mart
When Wal-Mart Stores Inc bought online retailer Jet.com for $3 billion last year, it marked a crucial moment – the world’s largest brick-and-mortar retailer, after years of ceding e-commerce leadership to...
Amazon to buy Whole Foods in $13.7 billion bet on bricks and mortar retail
Amazon.com Inc. will acquire Whole Foods Market Inc. for $13.7 billion, a bombshell of a deal that catapults the e-commerce giant into the supermarket business with hundreds of stores across the US. Amazon agreed to pay...
Flipkart-eBay India deal gets Competition Commission nod
E-commerce major Flipkart’s proposed acquisition of eBay India has received approval from the Competition Commission. Besides, the fair trade regulator has given nod to eBay Singapore’s subscription of...
