Announced
Financials
Sources
Tags
Single Bidder
Majority
Private
India
online marketplace
E-commerce
Acquisition
Friendly
Pending
Synopsis
Qoo10, a Southeast Asian e-commerce platform, acquired ShopClues, an online marketplace. The transaction is rumored to have valued ShopClues at $70-100m, altough financial terms were not disclosed. “This partnership presents new strategic opportunities for both companies, as it opens up cross border opportunities for consumers and sellers across Asia,” ShopClues statement.
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