Indian e-commerce firm Flipkart lifts bid for rival Snapdeal to up to $950 million

Indian e-commerce firm Flipkart lifts bid for rival Snapdeal to up to $950 million

MUMBAI (Reuters) – Indian e-commerce player Flipkart has sweetened its buyout offer for smaller rival Snapdeal to between $900 million and $950 million, two people familiar with the negotiations said, adding that the new proposal is being evaluated by the company’s board.

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