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Walmart close to buying majority of Flipkart

Published 04/12/2018, 04:38 AM
© Reuters.  Walmart close to buying majority of Flipkart
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  • Walmart (NYSE:WMT) is likely to reach a deal to buy a majority stake in India's Flipkart (FPKT) by the end of June in what could be the company's biggest acquisition of an online business.
  • The deal could be worth between $10B-$12B, according to Reuters.
  • Local media have also reported that Amazon (NASDAQ:AMZN) is exploring a possible counter offer for the Indian e-commerce player..
  • Now read: Best E-Commerce Stock: Amazon Vs. eBay


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