Flipkart's Snapdeal buyout said to benefit Tiger Global more
Flipkart's reported $1 billion buyout of Snapdeal will yield more immediate benefits to Flipkart's largest investor Tiger Global Management than Flipkart itself, according to reports. The buyout is being arranged by Tiger Global's MD Lee Fixel and Snapdeal's largest investor SoftBank. The deal may see SoftBank buy some of Tiger's holdings in Flipkart and put additional cash into the company.