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Thursday, May 23, 2019

Snapdeal starts due diligence for ShopClues

Online marketplace Snapdeal has started a due diligence process to acquire rival ShopClues in what will be an all-stock deal between the two companies, said three sources familiar with the development. Snapdeal is also exploring a capital raise at a valuation of about $2 billion, which could be aided by the acquisition.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2JW2tdo

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