Amazon bids $400mn for 30% stake in Spencer's Retail: Report
US-based e-commerce major Amazon has reportedly offered $400 million to Kolkata-headquartered retailer Spencer's Retail for 30% stake in the company. Reports claimed the deal with Amazon is expected to be in the penultimate stage but was held up due to valuation. The retail chain is also in talks with global e-commerce major Alibaba for a minority stake sale, reports added.