Snapdeal sale to Flipkart said to close in July this year
A complex due diligence process is delaying the Snapdeal sale to Flipkart, which is now expected to take place in July this year, according to reports. Flipkart is expected to pay less than its preliminary offer of $1 billion to buy out Snapdeal. The final deal value is expected to be in the range of $700-$900 million. 