Are Job Cuts At Snapdeal A Precursor To Its Merger With Alibaba And Paytm?

If Snapdeal follows the rule of the game, the company would deny any kind of merger talks with rival Paytm, or with investor Alibaba, unless a deal is concluded, at least verbally.

“It will offer a new lease of life to everybody involved in the business… In theory it sounds great. But a lot will depend on the structure, who will control and who will hold what stake,” said Sanchit Vir Gogia, Chief Analyst and CEO of Greyhound Research.

[Hindustan Times]

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