Corporate Valuations - News SoftBank calls for a Snapdeal-Flipkart combine : news

SoftBank calls for a Snapdeal-Flipkart combine

Date: 28-March-2017

SoftBank is pushing for a merger between online marketplace Snapdeal and its rival Flipkart in what could be the biggest M&A deal in the Indian e-commerce sector. SoftBank may invest up to $1.5 billion in the merged entity, giving it close to 15% stake in it. US-based Tiger Global, Flipkart’s biggest investor, will offload 10% stake of its 30% holding in the firm.This part-exit would mean three-fold return for Tiger Global’s biggest investment in India, better than some of its poor exits such as Caratlane last year, where it made no gains at all.

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