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Alibaba looks to buy stake in Flipkart: Report
short by Amritanshu Anand / on 04 Feb 2016,Thursday
China’s Alibaba Group (investor in Paytm and Snapdeal) is reportedly looking to acquire a stake in Flipkart. The deal will materialise if Flipkart offers a discount to Alibaba on its current valuation of $15 billion, as per sources cited by Mint. It is also in talks with Snapdeal to give a discount on its current valuation of $6.5 billion.
short by Amritanshu Anand / 07:56 pm on 04 Feb
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