Snapdeal Flipkart
E-commerce platforms to sell mobiles, TV, fridge after Apr 20 amid lockdown
The delivery vans of the e-commerce companies will need permission from authorities for plying on the roads
 "E-commerce platforms to sell mobiles, TV, fridge after Apr 20 amid lockdown")
Deal in trouble? Snapdeal board rejects $850 mn offer from Flipkart
Snapdeal's board is believed to have rejected a takeover offer of USD 800-850 million (around Rs 5,500 crore) from larger e-commerce rival Flipkart. According to sources privy to the development, Flipkart has completed the due diligence process and has made an offer of USD 800-850 million to buy Snapdeal. However, the offer was rejected by the Snapdeal's board which felt the amount undervalues the company as the due diligence report is clean. "The first offer has been rejected but talks are still on. It is an ongoing discussion," said one of the sources. When contacted, Snapdeal, SoftBank and Flipkart declined to comment. SoftBank, the Snapdeal's largest investor, has been proactively mediating the sale for the past few months. The board also has representation from Snapdeal founders (Kunal Bahl and Rohit Bansal), NVP and Kalaari Capital. Sources said Ernst & Young, which was roped in by Flipkart to conduct a due diligence on Snapdeal, submitted its ...
 "Deal in trouble? Snapdeal board rejects $850 mn offer from Flipkart")
Snapdeal founders, Nexus reach deal with SoftBank for sale to Flipkart
Channel says Snapdeal founders will get $15 million each, Nexus would get $50 million-$60 million
 "Snapdeal founders, Nexus reach deal with SoftBank for sale to Flipkart")
