Walmart may still end up buying a large stake in Flipkart at a price that could peg the e-commerce firm's valuation at $20-23 billion
New Delhi/Bengaluru: American retailer Walmart Inc. may end up taking a large stake in Flipkart Ltd at a price that could value India’s largest e-commerce firm between $20 billion and $23 billion, said three people close to the development. If it goes through, the deal will pit Walmart against Amazon in India, mirroring the fight between the two companies in the US.
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