SoftBank threatens to walk out on Snapdeal-Flipkart merger
According to reports, Snapdeal's largest investor SoftBank has threatened to walk out on the Snapdeal-Flipkart merger if all the minority shareholders do not vote in favour of the deal. Some reports also suggested that Japan-based SoftBank might invest in Flipkart independently. This comes after Snapdeal Founders were reported to be pushing for its sale to Infibeam instead of Flipkart.