Amazon's offer to buy Flipkart stake not high enough: Report
Amazon's offer to buy a controlling stake in Flipkart isn't high enough to cover potential risks, as per reports. Amazon's offer reportedly comes with a risk of sharing competitive data and a scrutiny from the Competition Commission of India. Meanwhile, it is speculated that Amazon's bid is pegged at $22-23 billion, compared to Walmart, which reportedly offered $18-20 billion valuation.