Why did Flipkart-Snapdeal merger talks fail?
Last month, Snapdeal called off its $950 million merger talks with Flipkart reportedly because the deal would have placed tax liability worth millions of dollars on multiple Snapdeal investors. Another possible reason could have been that Flipkart added a clause that prohibited Snapdeal shareholders from approaching any buyer, seller or employee working with Flipkart for five years, reports added.