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Amazon said to be planning to acquire Flipkart

According to a latest report, Amazon is planning to submit a rival offer to buy India’s largest e-commerce firm Flipkart who are in advance talks with Walmart Inc. for selling a majority stake. The company is said to be in early exploratory talks to buy Flipkart even as Flipkart closes in on sale to Walmart. It is already well-known that Walmart is in talks to buy 55% of Flipkart through a mix of primary and secondary share purchases that values Flipkart at $21 billion. It is also reported...
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http://www.fonearena.com/blog/248724/amazon-offer-acquire-flipkart.html

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