majority stake in flipkart

Walmart will likely end up with 60 per cent to 80 per cent of Flipkart, valued at about $20 billion, sources said.(Reuters file photo)

Walmart close to $12 billion deal for majority stake in Flipkart

By Saritha Rai | Bloomberg, Bengaluru
UPDATED ON APR 23, 2018 03:36 PM IST
Flipkart’s board had seriously considered Walmart and Amazon as potential partners, but ultimately decided Walmart could close a deal more easily.
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