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Business

Snapdeal calls off $900m takeover by Flipkart

SoftBank-backed Indian e-commerce company now sees an 'independent path'

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An employee cleans a Snapdeal logo at its headquarters in Gurugram on the outskirts of New Delhi.   © Reuters

MUMBAI -- Snapdeal has nixed a $900 million-plus takeover by bigger e-commerce rival Flipkart, less than a week after its board accepted the bid.

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