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Amazon inching closer to Jabong acquisition; deal could be worth $1.2B

E-commerce giant Amazon.com, Inc. has completed its first level of talks to acquire Rocket Internet-backed lifestyle e-tailer Jabong.com in a deal worth $1.1-1.2 billion, in the biggest acquisition in the history of the Indian e-commerce space, two sources privy to the development told VCCircle.

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vccircle.com
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Devil-X1116d ago

E-commerce industry is going nuts in India.

Sahil1113d ago

That is stupid if it's true, crazy money being invested in e-comm right now.