SoftBank reaches agreement with investors on Snapdeal's fate
Snapdeal's biggest investor SoftBank has reportedly reached a broad agreement with other stakeholders on Snapdeal's merger with Flipkart. SoftBank, which is looking to own about 20% of the combined entity, will put in more money via its massive joint investment fund. In April, it was reported that SoftBank was to put $500 million into Flipkart.