This has never happened before, and this is indeed unprecedented.
Amazon and Flipkart, two arch-enemies since last 7 years, have decided to shed their ego, and join forces to fight Govt. over the new ecommerce policy.
Unconfirmed reports have started trickling in, indicating that the mega-deal of Indian e-commerce has been finalized. Walmart has agreed to pay whopping $16 billion to acquire 73% stake in Flipkart. Google’s parent company Alphabet has…
After the initial talks of Walmart investing in Flipkart were about to go off the table due to stake-distribution issues, the investor with the largest stake in Flipkart, SoftBank has finally agreed to negotiate with Walmart.