Amazon offers $2bn to break up Flipkart-Walmart deal: Report
Days after reports of Walmart completing due diligence on Flipkart, global rival Amazon has offered around $2 billion as breakup fee for Flipkart's deal with Walmart, according to reports. This could potentially value Flipkart at $18-20 billion. A breakup fee is a penalty set in merger or acquisitions agreements, to be offered by the payer if the deal gets terminated.