Nexus rejects SoftBank's terms on Snapdeal-Flipkart merger
Snapdeal's biggest investor SoftBank has failed to convince Snapdeal's early investor Nexus Venture Partners to agree on the proposed terms for selling Snapdeal to its rival Flipkart, reports said. Nexus continues to seek a higher valuation for its over 10% stake in Snapdeal, reports added. Once Nexus agrees, the deal with Flipkart could reportedly be announced within weeks.