Indias Biggest Online shopping mart Flipkart is about to sell. wall-mart leader in eCommerce will buy flipkart allong with google. India’s largest online retailer Flipkart is set to sell more than 70% stake to Walmart and Google’s parent Alphabet, in a deal which will value the company at $20 billion, multiple people familiar with the development said.
The final shareholder agreements triggering India Inc’s largest M&A is expected to be signed over the weekend and a formal announcement is due mid-next week. While Walmart is expected to get a 55-61% stake in Flipkart, Alphabet will pick up around 10% in Flipkart, bringing to an end months of deal-making.
To counter Amazon, Walmart may like you buy flipkart to capture the Indian market. as per the latest updates. now its confirmed that wallmart and googles Alphabet inc together they will invest into flipkart.