SoftBank confirms selling entire Flipkart stake to Walmart
Japanese conglomerate SoftBank has confirmed it is selling its entire stake of roughly 20% in Indian e-commerce firm Flipkart to Walmart. While SoftBank did not disclose terms of the sale, CEO Masayoshi Son earlier said its investment in the Indian firm was worth around $4 billion. Interestingly, the exit will be the first public divestment by the company's Vision Fund.