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31 July 2017

Snapdeal calls off Flipkart sale

The e-commerce platform, backed by investors including SoftBank, Intel and Alibaba, has decided against a $950m sale and elected to instead restructure.

Author: Robert Lavine, News Editor

Snapdeal an India-based e-commerce company backed by several corporates, has rejected a takeover offer from domestic competitor Flipkart in order to restructure its business.