Snapdeal declines $700-750 million buyout from Flipkart

Another major setback for Flipkart and Snapdeal !

This deal has seen troubles from the beginning. However, the final settlement and fate of the deal will depend on negotiations between SoftBank Group Corp. and Tiger Global Management, two largest shareholders in Snapdeal and Flipkart respectively. SoftBank has been aggressive in pitching for a sale since March, after Snapdeal lost to Flipkart and Amazon. In case the deal is cracked, it will be a major milestone in the startup history.

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With Flipkart facing a setback due to Snapdeal, do you think Amazon will make a bold move, going forward? Do share your views.