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.
Snapdeal, SoftBank's biggest Indian investment, has lost ground in recent years amid the advance of American e-commerce behemoth Amazon.com. SoftBank approached top Indian player Flipkart, which faces the same threat, and the two sides eventually reached an accord.
