Walmart, eBay fresh round of talks for deal with Flipkart
As Flipkart waits to close its $12 billion stake sale to Walmart, a fresh round of talks might happen between the US-based retail giant and global e-commerce behemoth eBay to figure out issues related to merchants. Walmart might have to negotiate with eBay if it wants to do business over the next few years. EBay has invested $500 million in Flipkart and holds a 5% stake in the company. Walmart is planning to pick up around 55% stake in Flipkart through a mix of primary and secondary stake sale, paying around $8-10 billion.