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Amazon nears BigBasket acquisition, 60-day exclusivity agreement signed for potential sale

Earlier this week, ET reported that Amazon India is planning to acquire online grocery service BigBasket. Now according to TOI, BigBasket has signed a 60-day exclusivity agreement for possible sale to Amazon. As per the agreement, the e-grocer cannot engage with another party for a potential sale. BigBasket, run by SuperMarket Grocery Supplies Pvt, is India’s largest … Continue reading "Amazon nears BigBasket acquisition, 60-day exclusivity agreement signed for potential sale"
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http://www.fonearena.com/blog/222821/amazon-nears-bigbasket-acquisition-60-day-exclusivity-agreement-signed-for-potential-sale.html

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