Flipkart now offers $850 million buyout to Snapdeal
After Snapdeal rejected Flipkart's earlier buyout offer of $700-750 million, the latter has now offered to buy Snapdeal in a $850 million deal. Flipkart has offered to pay Snapdeal $650-700 million in stock immediately and another $150 million later. Flipkartâs offer includes Snapdealâs marketplace business and Unicommerce, but not Snapdeal-owned app FreeCharge and logistics arm Vulcan Express.