Article Amazon to acquire Jabong for $1.2 bn

[Deepu]

The e-commerce sector is on a consolidation drive. Joining the race, Amazon is set to acquire Indian online fashion retailer Jabong.com for $1.2 billion. The deal at this price will make it the biggest in the Indian e-commerce space. It will also mark Amazon’s first purchase in India. Incidentally, the Flipkart-Myntra deal was pegged at $340 million. Amazon could keep Jabong as a separate property after the acquisition.

Read more at: http://www.televisionpost.com/news/amazon-to-acquire-jabong-for-1-2-bn/ | TelevisionPost.com

 

[timkamat]

So one more big acquisition after Flipkart and Myntra

 

[IndianMascot]

I read somewhere that Amazon was about to recall its online business in india but looks like they are now more inclined towards continuing the business and even investing and acquiring too.

 

[Sanjeev]

So every company is either acquiring or merging with other company

 

[DashMajor]

Margin of E Shops are less hence by ending competition they're looking to survive.

 

[NinadG]

$1.2 bn is good amt for Jabong....
I read somewhere that entry in e-com is not allowed for foreign players. So they are trying to buy Indian cos to legitimize their business in India.

 

[IndianMascot]

Who will be bought by Alibaba ? any guess

 

[NinadG]

ok...so e-com will become playground for foreign playes....