SoftBank agrees to sell its entire Flipkart stake: Reports
Japanese conglomerate SoftBank has agreed to sell its entire 21% stake in Indian e-commerce startup Flipkart to US-based retail giant Walmart, according to reports. SoftBank, which invested $2.5 billion in Flipkart last year, is reportedly set to get $4 billion for the stake. SoftBank was earlier undecided on selling its stake due to a reported $600 million tax implication.