A distressed, once promising business that most people knew of. A buyer that barely anyone had. And yet everyone took the information at face value. And ran with it.
Pigeon Express in talks to acquire GoJavas, the headline in the Mint said, dated 12 August 2016. To quote from the story:
“Courier service provider Pigeon Express Pvt. Ltd is in advanced talks to acquire e-commerce focused logistics service provider GoJavas (Quickdel Logistics Pvt. Ltd), which suspended operations last week amid an organisational overhaul, in a cash and stock deal, said two people aware of the development.