Flipkart, Paytm to buy out Snapdeal: Reports

According to reports, e-commerce major Snapdeal is reportedly in talks with rivals Paytm and Flipkart over a potential sale. SoftBank, Snapdeal’s investor, is reportedly leading the negotiations, with the company being offered at a price between $1.5 billion and $1.8 billion. However, a Snapdeal spokesperson has denied that the homegrown e-commerce major is up for sale.

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