Japanese conglomerate SoftBank’s CEO Masayoshi Son has confirmed that Flipkart – India’s largest online store – will be acquired by Walmart.
According to FactorDaily, the US-based retail giant is buying SoftBank’s one-fourth stake in Flipkart for between $4 billion and $4.5 billion. In addition, it will grab a 71.06 percent stake for $15 billion. Alphabet, Google’s parent company, will also grab a piece of the pie.
Developing…
