Snapdeal’s talks to acquire rival online retail marketplace ShopClues has hit a hurdle after the due diligence for the transaction found significant pending liabilities on the balance sheet of the latter, according to two sources briefed on the matter. Snapdeal was looking to acquire ShopClues in an all-stock deal and had started due diligence, TOI had reported last month.
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Thursday 20 June 2019
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Snapdeal, ShopClues deal talks trip on diligence
Snapdeal, ShopClues deal talks trip on diligence
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