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Deals with eBay, Snapdeal reflect Flipkart's desperation to counter Amazon
Sheer desperation of a likely loser, and the anxiety of enormous cash burn, have driven Flipkart into two incredibly bad M&A deals: Monday's announcement of acquisition of eBay India as part of a $1.4 billion funding round from Tencent Holdings, Microsoft and eBay; and, the ongoing discussion with Snapdeal for a probable acquisition/merger.
Sheer desperation of a likely loser, and the anxiety of enormous cash burn, have driven Flipkart into two incredibly bad M&A deals: Monday's announcement of acquisition of eBay India as part of a $1.4 billion funding round from Tencent Holdings, Microsoft and eBay; and, the ongoing discussion with Snapdeal for a probable acquisition/merger.
Issue #2
Several empty paragraphs present in the IV page which should be removed. This happens on so many other pages as well. My template handles this problem
- T•m
- I think this is not reportable. Let's wait an admin.
- Declined by admin
- This isn't a critical issue, but it would be nice to fix it in future revisions of the template if it has to be resubmitted.
- Type of issue
- Rudimentary content not removed
- Reported
- Jun 14, 2017