Walmart to buy 73% stake in Flipkart, Sachin may exit: Report
US-based retail giant Walmart has reportedly decided to buy 73% stake in Flipkart, spending about $14.6 billion, while Google-parent Alphabet is said to invest $3 billion. Co-founder Sachin Bansal may quit the homegrown e-commerce platform after the Walmart acquisition, reports added. This comes after it was reported that Flipkart bought back shares worth $350 million to regain its private status.