Masayoshi Son confirms SoftBank is still in talks to back Flipkart

This, despite SoftBank-backed Snapdeal backing out from a merger deal with Flipkart

Masayoshi Son, chairman and CEO of the SoftBank Group, confirmed that the company was in talks to invest directly in Flipkart, India’s largest e-commerce marketplace.
 
“We respect the decision of the Snapdeal founders and we are engaged with Flipkart,” Son said during the firm’s earnings briefing on Monday, without revealing any further details. SoftBank-funded Snapdeal recently called off merger talks with Flipkart.
 
Sources had revealed to Business Standard last week that the SoftBank Vision Fund was in talks to invest up to $2 billion in Flipkart. Son’s statement confirms this.
 
SoftBank had earlier tried to take on