Snapdeal
Snapdeal 2.0: 80% of employees may see pink slip
01 Aug 2017
Snapdeal, Flipkart call off merger deal
01 Aug 2017
The decision follows objections raised by Snapdeal's smaller investors on the terms of the deal and payouts and the emergence of an alternative `Snapdeal 2.0’ strategy
Snapdeal-Flipkart merger may not happen after all
31 Jul 2017
A meeting scheduled for today to close the buyout of Snapdeal by Flipkart has been cancelled, as Snapdeal founders Kunal Bahl and Rohit Bansal seem keen to revive it as a leaner, meaner ‘Snapdeal 2.0’
Snapdeal sale around corner as Jasper okays Flipkart offer
27 Jul 2017
The buyout deal is almost through but the board wants to take a broader consensus from its major shareholders, including Ratan Tata and PremjiInvest, reports said
Flipkart agrees to $900-950-bn acquisition of Snapdeal
26 Jul 2017
The merger deal does not include FreeCharge and Vulcan Express - the two subsidiaries of Jasper Infotech that owns Snapdeal
Flipkart set to sweeten offer for Snapdeal; may go up to $950 mn
13 Jul 2017
Snapdeal, which is also engaged in separate discussions for selling Freecharge (mobile wallet operations) and Vulcan Express (logistics), is likely to close these as well over the next few weeks
Snapdeal rejects Flipkart’s Rs5,500 cr buyout offer; talks still on
05 Jul 2017
Snapdeal's board is reported to have rejected a takeover offer of $800-850 million (around Rs5,500 crore) from larger ecommerce rival Flipkart
Flipkart, Snapdeal sign term sheet for all-stock merger
24 May 2017
The merged entity will create a stronger competitor to global online retailer Amazon, which is using all available means to establish itself as leader in the Indian online market place
Snapdeal staff may get Rs193 cr payoff after merger with Flipkart
15 May 2017
In an unusual move, Snapdeal’s founders Kunal Bahl and Rohit Bansal may distribute $30 crore, half of their expected payout of $60 crore, among all employees after the expected merger with Flipkart
Snapdeal co founders to get $30 mn each as merger with Flipkart nears
12 May 2017
The merger of online marketplaces Snapdeal and Flipkart is now virtually confirmed, with Snapdeal co-founders Kunal Bahl and Rohit Bansal likely to receive $30 million in cash each from SoftBank on their exit from the company
Flipkart raises $1.5 bn, Snapdeal takeover around the corner
07 Apr 2017
India’s biggest ecommerce company will raise a total of $2 billion in the current funding round, with another $500 million coming from Japanese internet and telecom conglomerate SoftBank
Snapdeal reported on the verge of being sold to Flipkart
06 Apr 2017
Most reports say that the country's third-largest online shopping platform Snapdeal would be sold to Flipkart, but Paytm's name has also come up as a potential buyer – in any case the valuation is likely to be a fraction of what it was last year
Amid boardroom battle, SoftBank yanks Snapdeal fund offer
03 Apr 2017
Japanese investor SoftBank has abruptly rescinded $150-200 million debt financing it had offered to Snapdeal owner Jasper Infotech, escalating a boardroom battle involving new and old investors
SoftBank brokering merger of Snapdeal, Flipkart: report
28 Mar 2017
The Japanese telecom and internet group is likely to invest up to $1.5 billion in the merged entity by picking up primary and secondary shares, giving it around 15-per cent stake in the Flipkart-Snapdeal combine
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