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SoftBank wields M&A to carve out foothold in growth markets

$91bn war chest provides fuel for industry shake-ups

Snapdeal and Flipkart are India's third-largest and top e-commerce companies.

TOKYO -- SoftBank Group's deal to combine Indian e-retail affiliate Snapdeal and local peer Flipkart is just one example of the Japanese technology giant's use of mergers and acquisitions to fortify its position in growing markets worldwide.

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