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Amazon inks 60-day exclusivity deal for BigBasket buyout
short by Abhishek Bansal / on Friday, 16 June, 2017
Online grocer BigBasket has entered into a 60-day exclusivity agreement with retail giant Amazon after a period of discussions between the two over a potential acquisition by the latter, according to reports. The agreement mandates that Amazon will be the sole contender to acquire BigBasket for a two month period. BigBasket, however, is free to look out for financial investments.
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