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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.
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