Top Story


Home >> Digital >> Article

Is Softbank board giving in-principle nod to Flipkart-Snapdeal merger?

Font Size   16
Is Softbank board giving in-principle nod to Flipkart-Snapdeal merger?

According to a report in CNBC TV18, the SoftBank board has given an in-principle nod to gain 20 percent stake in the Snapdeal-Flipkart merged entity as well as approving a plan to buyout Snapdeal investors prior to the merger. Any proposed merger will be subject to clearance from the ecommerce companies’ other investors.

A merger between the two ecommerce heavyweights has long been rumoured as the Indian ecommerce space heads towards further consolidation. However, it is not yet clear how much Snapdeal is being valued at.

Apart from the Snapdeal-Flipkart merger, it also seems that Softbank is interested in going ahead with an investment in Paytm. According to media reports, Paytm is set to raise Rs 12,000 crore from SoftBank, which would make it the single largest investment in an ecommerce company. The deal is expected to close by the end of May and would see SoftBank pick up a 20 per cent stake in the mobile wallet.

Abhishek Punia, Co-founder and COO of ARM Worldwide, tells about how they re-branded themselves from ARM Digital to ARM Worldwide and in the process marked their presence globally

Srinivasan opens up on what prompted their recent rebrand, their foray into bus depots and developing the software that displays Bengaluru Metropolitan Transport Corporation's (BMTC) Passenger Information System for all the major bus depots in Bangalore.

Software and Technology, Consulting, Healthcare seem to be increasingly using Webinars to engage with their clients and employees

Chandy indulges in his love for reading and learning something new over the weekends

At the inaugural one-on-one session between Aroon Purie, Chairman & Editor-in-chief of India Today Group and Anurag Batra, Chairman & Editor-in-chief BW Businessworld & Exchage4media Group, Purie spok...

At the 11th Indian Magazine Congress in New Delhi Rajdeep Sardesai, Consulting Editor, India Today, remembered the time when he used to work for Times of India

“It could be clichéd but content is the most important thing in our business and that’s where we are strong,” R Rajmohan, President, Association of Indian Magazines said during his welcome address at...