Bengaluru Online marketplace Flipkart Ltd may benefit from the decision by smaller rival Snapdeal to cancel its proposed sale, saving itself the distraction of owning a complicated asset that would have added little to its business at a time when the company is already straining to hold off arch-rival Amazon India. On Monday, Snapdeal (Jasper Infotech Pvt. Ltd) walked away from a potential sale to Flipkart, which had offered to buy the online ...
08-02-2017, 01:21 PM
Snapdeal terminates merger talks: Why it could be a blessing in disguise for Flipkart
Bengaluru Online marketplace Flipkart Ltd may benefit from the decision by smaller rival Snapdeal to cancel its proposed sale, saving itself the distraction of owning a complicated asset that would have added little to its business at a time when the company is already straining to hold off arch-rival Amazon India. On Monday, Snapdeal (Jasper Infotech Pvt. Ltd) walked away from a potential sale to Flipkart, which had offered to buy the online ...
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