Flipkart Approves $15 Billion Stake Sale To Walmart-Led Group: Report

Mumbai: E-commerce firm Flipkart's board has approved a deal to sell an equity stake of about 75 per cent in the company to a group led by Walmart Inc for about $15 billion, Bloomberg reported on Friday, citing unnamed sources. SoftBank will sell its 20-plus per cent stake as part of the deal, Bloomberg said, adding Google's parent Alphabet Inc was likely to participate in the investment with Walmart. A final close of the deal is e...