Walmart to buy 60-80% of Flipkart: Report
Walmart is close to finalising a deal to buy 60-80% stake in homegrown e-commerce platform Flipkart for at least $12 billion, according to reports. The deal is expected to close in the next two weeks. Tiger Global will sell nearly all of its 20% stake in Flipkart, while SoftBank will sell substantial part of its over 20% holding, reports added.