Snapdeal board approves Flipkart's bid

(Reuters) — The board of Indian e-commerce firm Snapdeal has agreed to a deal with bigger rival Flipkart for up to $950 million, two sources said on Wednesday, bringing the two a step closer to forming a combine to challenge Amazon.com’s (AMZN.O) domestic growth. The board of Jasper Infotech, which runs Snapdeal, approved Flipkart’s bid […]