Flipkart-Snapdeal Merger

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On 7th August 2017, Snapdeal terminated negotiations with the market leader Flipkart. After the merger breakdown, Snapdeal announced that they will pursue an “independent path”. The job cuts resulted from this was about 80 per cent. After Snapdeal called off the merger, Softbank decided to invest in Flipkart and discontinue its association with Snapdeal.

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