News was revolving in Market sector Jaint companies E-commerce and Snapdeal
and Paytm getting ready to merge. Market Experts also saying that there was a chance
to merge. By merging those e-commerce websites were thinking to enter in to the
market by starting a new website called as “Paytm Mall”.
And there was information that this deal was dealing by E-commerce king
Alibaba and also there was information that Japan soft bank also
involved in this deal. Alibaba have 40% shares in paytm, 3% shares in Snapdeal
and soft bank have major shares.
Reason behind merging.
According to the news of Economical Timings Recently Snapdeal facing many
losses in 2016 it was lost 2 thousand Crores decreased to third rank in e-commerce
market board. In the same way Paytm also lost 1500 Crores to cover from all
this loss paytm and Snapdeal thinking to start Paytm mall.
But no meetings were held between to these companies. Market Experts saying
that Meetings were held between Major share holder’s Japan soft bank and Alibaba.
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