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Walmart Inc likely to become majority shareholder of Flipkart

79 views · Published 21 April 2018 · 0:52 · Indexed 13 October 2026

Channel: NYOOOZ TV · 2018 · News & Politics

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Walmart has been in talks with Flipkart for months for the acquisition, which would give Flipkart a much-needed boost against formidable opponent Amazon in India, which has become an important market for all digital players. . According to the report, Walmart has been in talks with Flipkart for months for the acquisition, which would give Flipkart a much-needed boost against formidable opponent Amazon in India, which has become an important market for all digital players. While SoftBank Group, one of the largest investors in Flipkart, played hard to get initially; it felt the $12 billion price offered by Amazon for its existing shares were too low.


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