SoftBank is said to have initiated the sale of Snapdeal to Flipkart. According to reports, Flipkart has offered Snapdeal founders Kunal Bahl and Rohit Bansal $50 million for their stake. Notably, Kunal and Rohit owns 6.5% equity in Snapdeal, and Softbank owns a little more than 30% stake in the Snapdeal.

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