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Amazon offers $70-$80 million for FreeCharge

Hello Friends,
NEW DELHI: Online ecommerce giant Amazon has made a late bid for FreeCharge, the digital payments platform owned by troubled ecommerce marketplace Snapdeal, a development that comes at a time when the Gurgaon-based company is also in discussions to sell its payments unit to Axis BankBSE 0.34 % and telecom operator Bharti Airtel’s mobile wallet Airtel Money.

According to two sources aware of the development, Amazon’s bid is in the range of $70-$80 million (Rs 466 crore- Rs 532 crore) ..

Read more at:
http://economictimes.indiatimes.com/articleshow/59728831.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Online ecommerce giant Amazon has made a late bid for FreeCharge, the digital payments platform owned by troubled ecommerce marketplaceSnapdeal, a development that comes at a time when the Gurgaon-based company is also in discussions to sell its payments unit to Axis BankBSE 0.34 % and telecom operator Bharti Airtel’s mobile wallet A…

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