Flipkart approves 75% stake sale to Walmart at $15bn: Report
Flipkart's board has approved to sell a 75% controlling stake of the company to a Walmart-led group for approximately $15 billion, according to a Bloomberg report. It is reported SoftBank will sell all of its stake of over 20% in the homegrown e-commerce giant valued at around $20 billion. Google-parent Alphabet will also participate in the acquisition, the report added.