Bigger India
Walmart Eyes Up To $20 Billion Stake In Flipkart, Amazon’s Top Rival In India
Walmart is in advanced talks to acquire up to 20% of India e-commerce giant Flipkart for as much as $20 billion, according to Bloomberg, citing people familiar with the matter.
Friday’s report follows recent headlines that Walmart was looking to acquire a minority stake in Flipkart. Reuters said the two retailers have been in on-and-off talks for the last two years.