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Walmart said be in talks to acquire more than 40% of Flipkart

Back in 2016 US retail giant, Walmart was in talks to invest up to whopping $1 billion Flipkart. Nothing ever happened on that, however, now according to new report from Reuters, Walmart is said to be in talks to acquire more than 40% of Flipkart.  Walmart is said to be in talks to buy existing and new shares of Flipkart and due diligence is likely to begin as early as next week, the sources said. The terms and proposals are under wraps at the moment. Flipkart would be valued at more than the...
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