With flipkart's announcement of jobs, Amazon has announced 50,000 seasonal positions across the country to fulfill the increase demand during upcoming festive sale.
Snapdeal terminated merger talks with Flipkart on July 31, 2017, ostensibly to pursue an independent path.
The year is going to end and we have brought to you a list of lucrative offers and sales that are knocking at you door.
Snapdeal today announced the termination of its talks with its bigger rival Flipkart, saying that it wants to pursue an independent path
Flipkart’s plans now have to clear the hurdle of getting Snapdeal shareholders on board with the deal, including PremjiInvest which ticked off the Snapdeal board over differential payments
The board of Snapdeal, run by Jasper Infotech, will now meet to consider the offer and is most likely to accept it, one person privy to the development said
The new offer almost matches the initial asking price of $1 billion for acquisition of the beleaguered e-commerce marketplace, sources privy to the development said
Flipkart's fresh offer of $800 million for acquiring Snapdeal is significantly lower than its opening bid of $1 billion, a steep markdown from the company’s peak valuation of $6.5 billion last year
Azim Premji’s family office is opposed to differential payments which were proposed in a bid to win over larger Snapdeal investors and the founders who have agreed to a deep cut in valuation, a media report said
The issuance of shares by Flipkart’s Singapore-based holding company to the Indian shareholders of Snapdeal may be construed as breach of FEMA rules and would require special permission from the RBI
Snapdeal had acquired FreeCharge in 2015 for an estimated Rs 2,400 crore in a stock-cash deal
Snapdeal, one of India’s largest online e-commerce portals, may offer a Rs 193 crore bonanza to its staff if the firm is taken over by its larger rival Flipkart.
One of the preconditions that Flipkart had set to agree to the acquisition was that Snapdeal founders Kunal Bahl and Rohit Bansal will not be involved in the merged entity in any capacity
The deal values Snapdeal at $1 billion, a steep markdown from the company’s peak of $6.5 billion last year
The Japanese firm has multi-billion investments in Indian firms, including Ola, Snapdeal and Elara Technologies, which owns PropTiger, Housing and Makaan.com
The Japanese conglomerate is believed to be in discussions with Paytm for a funding of Rs 64,000 crore into the payments platform. The move comes at a time the company is already discussing Snapdeal’s sale to Flipkart
Call it misplaced outrage or collateral damage, Snapdeal has found itself bearing the brunt of a social media furore as people confused Kunal Bahl's e-commerce website for Snapchat
In a case of mistaken identity, many people downgraded and uninstalled the mobile application of e-commerce platform 'Snapdeal' instead of social networking app 'Snapchat' to mark their protest against certain unverified comments of Snapchat CEO.
Softbank, which holds 33 per cent in Snapdeal, pushed for the company's sale to Flipkart during a boardroom discussion, reports said
In a development that could mark the most significant consolidation in the highly competitive domestic e-commerce market, Japanese giant SoftBank is learnt to be pushing for a possible merger between Flipkart and rival Snapdeal
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