Snapdeal investors Ratan Tata, Temasek approve Flipkart deal
E-commerce startup Snapdeal has reportedly received approval from investors like Ratan Tata, Temasek, BlackRock, and Foxconn for its sale to larger rival Flipkart. However, the deal still awaits the final approval from PremjiInvest and Ontario Teachers' Pension Plan, the report said. Earlier this week, Snapdeal board reportedly accepted Flipkart's revised takeover bid of $900-950 million. 