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Flipkart revises Snapdeal buyout offer to $900-950 mn
Online retailing major Flipkart is believed to have sent a revised offer of USD 900-950 million to buy smaller rival, Snapdeal, according to sources. The board of Snapdeal will now meet to consider the offer and is most likely to accept it, one of the persons said. In case the Snapdeal board accepts the new offer from Flipkart, the two parties will negotiate a sale and purchase agreement (SPA).
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