Indian e-commerce firm Snapdeal rejects rival Flipkart's initial bid: sources

MUMBAI (Reuters) - India's No. 3 e-commerce player Snapdeal has rejected an initial takeover offer from its larger rival Flipkart this week, but the talks between the two camps that have been attempting to forge a deal for months continue, said two sources close to the matter.

from Reuters: Technology News http://ift.tt/2uJ2ExZ