Wal-Mart in talks to buy stake in India's Flipkart: sources



Wal-Mart Stores Inc is in talks to buy a minority stake in India's largest e-commerce firm Flipkart, two sources familiar with the matter said, as the world's biggest retailer aims to get a slice of a fast-growing online retail market.
One of the sources said the U.S. retailer was looking to invest between $750 million and $1 billion in Flipkart, but the final value and size of the stake would depend on the outcome of talks about the Indian company's overall valuation.
He added Wal-Mart and Flipkart were also contemplating a collaboration that would see them leverage each other's expertise... read more

 
28 September 2016 in Science &Technology, Views: 45
Source: Reuters
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