Walmart Likely To Close $12 Billion Deal For Flipkart Control

Gold Silver Reports (GSR) – Walmart Likely To Close $12 Billion Deal For Flipkart Control – Walmart will take stake of 60-80 percent in India’s biggest e-commerce company with all existing investors backing the deal, people familiar with the matter said.

📌 SoftBank, which owns more than 20 percent of Flipkart, plans to sell a substantial part to Walmart, the people said, asking not to be identified ahead of a public announcement

📌 Tiger will sell nearly all its shares, the people said

📌 Valuation on Flipkart remains at about $20 billion, the people said

📌 Walmart declined to comment while Flipkart didn’t immediately comment

Read More: India’s Biggest E-Commerce Flipkart Needs Walmart to contend with Amazon; Incredible Patience and lots of Capital

📌 Issues yet to be resolved include role of founders and the exact amount each investor will sell, the people said

Walmart Likely To Close $12 Billion Deal For Flipkart Control via @goldsilverrepor
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