Snapdeal starts due diligence for ShopClues http://bit.ly/2WinZzA - Walletnews For Me

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Tuesday, May 21, 2019

Snapdeal starts due diligence for ShopClues http://bit.ly/2WinZzA

Online marketplace Snapdeal has started a due diligence process to acquire rival ShopClues in what will be an all-stock deal between the two companies, said three sources familiar with the development. Snapdeal is also exploring a capital raise at a valuation of about $2 billion, which could be aided by the acquisition.
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