Leading e-commerce Company, Flipkart is believed to have sent a revised offer of $900-950 million that is approximately (Rs 5,466 crore) to buy a smaller rival, Snapdeal. The Bengaluru-based firm has offered to pay the said amount for buying troubled e-retailer Snapdeal’s online marketplace and Unicommerce, two people privy to the[Read More…]
Tag: Acquisition
Microsoft could become the first trillion dollar company: Analyst
A Redmond, Washington analyst thinks that Microsoft’s $26.2 billion acquisition of LinkenIn will push the tech giant to become the first company with a $1 trillion market value, reported GeekWire. Analyst Michael Markowski writes for Equities.com that Microsoft will reach that threshold before other big companies like Amazon, Google, Facebook[Read More…]
MakeMyTrip acquires Ibibo for $720 million
MakeMyTrip, the online travel firm will acquire rival Ibibo in an equity deal on Wednesday. The company said in a statement that South Africa’s Naspers and China’s Tencent Holdings are selling ibibo Group to MakeMyTrip in exchange for an issuance of new shares . After the deal, MakeMyTrip will own[Read More…]
Flipkart adds Jabong, becomes the biggest fashion destination in India
Flipkart announced its acquisition of Jabong from Global Fashion Group for an undisclosed amount on Tuesday. Other competitors which wanted to take over the fashion portal included Future Group, Snapdeal and Aditya Birla’s Abof. This makes Flipkart the biggest fashion shopping destination in India. Co-founder of Flipkart Sachin Bansal took[Read More…]