After Snapdeal rejects Flipkart’s offer, it may merge with Infibeam and form a $2 billion company

In the latest development, Snapdeal may merge with Infibeam, which is India’s only publicly listed e-commerce company.

As per various reports, Infibeam is in talks with Snapdeal for possible merger talks and has even put a term sheet that may value Snapdeal at $1 billion. If this deal goes through, Infibeam and Snapdeal together will create a company valued at $2 billion.

Ahmedabad-based Infibeam has a market capitalisation of Rs 6,100 crore.

The development comes after Snapdeal rejected a $700-750 million offer for sale to Flipkart. However, PTI reports Flipkart may make a new offer of $900-950 million.

“While Infibeam has a focus on business-to-business commerce, Snapdeal’s is a consumer-led online retail platform which is why this merger may bring in synergies in their operations. While Infibeam has given a term sheet, it’s not the end of the road for Flipkart,” ET quoted sources as saying.

In the latest development, Snapdeal may merge with Infibeam, which is India’s only publicly listed e-commerce company.

As per various reports, Infibeam is in talks with Snapdeal for possible merger talks and has even put a term sheet that may value Snapdeal at $1 billion. If this deal goes through, Infibeam and Snapdeal together will create a company valued at $2 billion.

Ahmedabad-based Infibeam has a market capitalisation of Rs 6,100 crore.

The development comes after Snapdeal rejected a $700-750 million offer for sale to Flipkart. However, PTI reports Flipkart may make a new offer of $900-950 million.

“While Infibeam has a focus on business-to-business commerce, Snapdeal’s is a consumer-led online retail platform which is why this merger may bring in synergies in their operations. While Infibeam has given a term sheet, it’s not the end of the road for Flipkart,” ET quoted sources as saying.

This article was written by admin