Gold Silver Reports (GSR) – Walmart Likely To Close $12 Billion Deal For Flipkart Control – Walmart will take stake of 60-80 percent in India’s biggest e-commerce company with all existing investors backing the deal, people familiar with the matter said.
📌 SoftBank, which owns more than 20 percent of Flipkart, plans to sell a substantial part to Walmart, the people said, asking not to be identified ahead of a public announcement
📌 Tiger will sell nearly all its shares, the people said
📌 Valuation on Flipkart remains at about $20 billion, the people said
📌 Walmart declined to comment while Flipkart didn’t immediately comment
📌 Issues yet to be resolved include role of founders and the exact amount each investor will sell, the people said
