News Amazon about to try and buy Flipkart?

Discussion in 'Business News & Resources' started by Cody, Apr 4, 2018.

  1. Cody


    Feb 17, 2016
    Amazon may be about to put an offer in to buy Indian eCommerce giant, Flipkart, which is also in talks with Walmart. However, it's suggested that a deal with Walmart may be more than likely to go ahead than Amazon as they are expected to purchase a stake of around 40-50 percent.

    This is a deal that would end up directly putting pressure on Amazon's take-over across India, as both firms are highly dominating in India's eCommerce market.

    If a deal with Walmart and Flipkart are to go ahead this would give the world's largest B&M retailer an eCommerce market estimated to be worth anywhere up to $200 billion, as reported by Morgan Stanley.

    Flipkart's value could end up to $21 billion through the shares it may sell to Walmart.

    Both Amazon and Flipkart have not responded to any requests for comment so far.
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