Indian e-commerce player Flipkart has sweetened its buyout offer for smaller rival Snapdeal to between $900 million and $950 million, two people familiar with the negotiations said, adding that the new proposal is being evaluated by the company`s board.
Reuters previously reported that Snapdeal had earlier this month rejected Flipkart`s initial bid of between $800 million and $850 million, as its board was unsatisfied with the offer and the payment terms.
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