Walmart-Flipkart deal to close by June end: Reports
US-based retail giant Walmart's deal to acquire a majority stake in India's Flipkart is likely to close by the end of June this year, as per reports. Walmart has reportedly offered a proposal to buy the stake for $10-12 billion and completed the due diligence. Earlier, reports suggested Amazon offered $2 billion as breakup fee for Flipkart's deal with Walmart.