Japan’s SoftBank plans to initiate a merger between two Indian startup behemoths- Snapdeal and Flipkart in an effort to take on Amazon, which has pledged to spend $5 billion to become the country’s dominant internet retailer, according to the latest news report by Financial Times. Three out of the four major stakeholders- SoftBank group corporation,…
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SoftBank prods for Snapdeal-Flipkart merger
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