Flipkart takes time to unveil Snapdeal offer

Snapdeal will have to extend timeline or put firm on block again, in case deal isnt completed soon

Even as time runs out for the closure of the biggest consolidation in the history of Indian e-commerce sector, online marketplace Flipkart is yet to come back with a number for Snapdeal acquisition.

According to sources close to the Snapdeal board, Flipkart has completed its due diligence and has found everything clean. However, the source said, the board has still not got any final offer. “We are hoping that the deal gets closed by next week,” the source added.

Flipkart did not respond to a mail sent to them on the issue. In the last one month, the e-commerce firm has checked