The board of Indian e-commerce giant Flipkart has accepted a deal to sell a approximately 75 percent stake in the firm to a group headed by Walmart for $15 billion, according to a report.
Japan’s SoftBank will sell its whole 20-plus percentage stake in Flipkart, Bloomberg reported Friday, citing unnamed sources, and Google’s parent firm Alphabet is likely to participate in the investment together with Walmart.
The post Walmart reportedly triumphs over Amazon Having Acceptance of $15 billion deal for majority stake in Flipkart appeared first on Retailnewsfeed.com.
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