India: Snapdeal board approves Flipkart's $900-950m takeover offer

India: Snapdeal board approves Flipkart's $900-950m takeover offer

Snapdeal. Photo: Reuters

The board of online marketplace Snapdeal has given the go-ahead to the company to continue negotiations to sell itself to Flipkart, which had increased its buyout offer to $850 million last week, three people familiar with the matter said.

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