Walmart Discusses Buying More Than 40% of India's Flipkart -Reuters
February 16 2018 - 4:50AM
Dow Jones News
--Walmart is in talks to acquire more than 40% of Flipkart, an
e-commerce company, Reuters reports, citing unnamed sources.
--This would be one of the Walmart's biggest overseas
acquisitions, with a valuation for Flipkart likely exceeding $12
billion, according to Reuters.
--The deal would give Flipkart extra backing in its competition
with Amazon in India, Reuters says.
Full story: http://reut.rs/2ByhnT5
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(END) Dow Jones Newswires
February 16, 2018 05:35 ET (10:35 GMT)
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