SoftBank willing to cut Snapdeal valuation to $1 bn: Reports

Snapdeal's largest investor SoftBank's CEO Masayoshi Son is willing to cut Snapdeal’s valuation 85% to $1 billion for its merger with Flipkart, according to a Bloomberg report. Snapdeal's Co-founder Kunal Bahl and Rohit Bansal, and early investors have opposed such a steep cut, it added. The talks are in the final stages and a deal could be signed within weeks.