Snapdeal board approves Flipkart's $950mn buyout bid: Report
The board of online marketplace Snapdeal has reportedly accepted bigger rival Flipkart's revised takeover offer of $900-950 million. This comes after reports suggested Snapdeal had rejected Flipkart's $800-850 million offer earlier this month. Flipkart's offer is said to include Snapdeal's marketplace business and Unicommerce, but not Snapdeal-owned app FreeCharge and logistics arm Vulcan Express.