Jabong could be acquired by Snapdeal or Future Group, but at much less price

Online fashion retailer Jabong could finally be acquired either by Snapdeal or Kishore Biryani's Future Group. However, the final price at which it would be acquired is way less than what its asking price was.

Also read: Jabong has no buyers, not even at the unbelievably low price of Rs 663 crore

Reportedly, Snapdeal has offered for a cash-cum-stock transaction, while the Future Group has offered an all-cash deal.

Also read: Alibaba, Future Group, Myntra in race to buy Jabong, deal size expected to be $250 million

Even though Global Fashion Group, the owners of Jabong, had valued the company at around $200 million, the offers made by Snapdeal and Jabong were much lesser, and as per sources, they could be as less as $50 million.

Jabong, founded under German incubator Rocket Internet in 2012, has been up for sale for quite some time now.

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