Walmart needs to make deal with eBay before Flipkart: Report
US-based retailer Walmart will likely have to make a deal with Flipkart's investor eBay before investing around $12 billion to acquire 51% stake in the homegrown e-commerce platform, according to a report. Last year, eBay had sold its India business to Flipkart for $211 million, invested $500 million and also signed a four-year exclusive commercial arrangement to partner with Flipkart.