Flipkart may pay up to $950M for Snapdeal
Indian online retailer Flipkart has sweetened its buyout offer for smaller rival Snapdeal to between $900 million and $950 million, according to media reports. The potential merger is aimed in part at creating a stronger competitor to Amazon, which has been expanding in India.
Hampton Creek directors step down
Looks like troubles are spreading for eggless mayo maker Hampton Creek. At least five directors left the board of the food startup, many in the last month, following clashes with CEO Josh Tetrick, according to a Bloomberg report citing unnamed sources.
Shining a light on In-Q-Tel
Once the exclusive asset of the CIA, In-Q-Tel, the government-backed venture capital arm, has taken on new partners over the years, including the FBI, NSA, and others. Crunchbase News takes a look at the fund’s investment track record, along with feedback from portfolio companies about the strategic value In-Q-Tel brings to the table. (For more stories, follow @crunchbasenews on Twitter and check us out on Facebook.)
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