Biggest deal in E-commerce space catches the Headlines after Flipkart acquired Myntra. Amazon proposed deal to buy out Rocket internet backed Jabong.com, which could have been the biggest ever buyout in the E-commerce industry in India and for Amazon has been called off. The deal worth $ 1.2 billion as the valuation of Jabong.
Is $1.2 billion too less or too high or just alright or is it that the time has not come yet?
Comments are welcome….
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Reference – http://techcircle.vccircle.com/2015/04/02/excl-amazon-jabong-call-off-talks-for-a-potential-1-2b-buyout-deal/