Walmart may buy controlling stake in Flipkart by next week
US-based retail giant Walmart's deal to acquire a controlling stake in India's Flipkart is likely to close by next week, as per reports. Walmart reportedly offered $10-12 billion to acquire the stake in the deal which might value the homegrown e-commerce giant at around $18 billion. Further, Walmart may retain Flipkart's key executives including CEO Kalyan Krishnamurthy after the deal.