Flipkart.com is a leading e-commerce website recently offered $850 million for takeover Snapdeal.com. Snapdeal board rejected this offer. Reason not declared by flipkart or Softbank. Softbank is a investor of Snapdeal. They never commented on why snapdeal rejected this deal. But they answered as we are still in touch of Snapdeal board.
The offer amount is from $800-$850 million. From few days ago Snapdeal cut their rates and save more money from their affiliate commission. Snapdeal message their publisher about they close their advertising program. Snapdeal will merge in Flipkart.com. And flipkart is now fight with Amazon India.
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