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File photo: Softbank’s chief executive Masayoshi Son speaks during a news conference in Tokyo. Photo: Reuters

Tue, May 22 2018. 11 16 PM IST

SoftBank confirms selling ‘entire stake’ in Flipkart to Walmart

The move by SoftBank ends nearly two weeks of suspense over whether the Japanese telecom and Internet powerhouse would exit or stay invested in Flipkart post the deal with Walmart

According to legal experts, Walmart’s proposed buyout of Flipkart should go through since it does not create an entity that has a monopoly-like position in either the offline or online retail business in India. Photo: AFP

Sat, May 19 2018. 08 30 AM IST

Walmart seeks CCI nod for Flipkart acquisition

Walmart said the pecking order of the broader retail market in India remains unaffected by the proposed deal

Flipkart CEO Kalyan Krishnamurthy (centre) flanked by founders Sachin Bansal (left) and Binny Bansal. Flipkart board members believed Krishnamurthy had earned the right to continue as boss. Walmart wanted at least one founder onboard.

Fri, May 18 2018. 12 39 PM IST

The behind-the-scenes story of Sachin Bansal’s exit from Flipkart

Walmart was initially keen on retaining Sachin Bansal, but reversed its stand after the Flipkart board, led by Tiger Global Management’s Lee Fixel decided to cut him out

For former employees, it’s particularly shocking because Flipkart had been the fairest employer among all Indian start-ups in terms of offering ESOPs. Photo: Reuters

Tue, May 15 2018. 05 03 AM IST

Flipkart’s ESOPs fable has a bitter twist for ex employees

As part of the Flipkart-Walmart deal, Flipkart employees will be allowed to encash ESOPs fully over the next 2 years, but former employees can cash out only 30% of their shares and have to hold on to the rest for an undisclosed period

On 9 May, hours before Walmart announced the Flipkart acquisition, SoftBank CEO Masayoshi Son said that Walmart had agreed to buy a controlling stake in Flipkart. Photo: Reuters

Fri, May 11 2018. 01 16 PM IST

SoftBank undecided on exiting Flipkart: report

SoftBank CEO Masayoshi Son will take a call in the next 7-10 days on whether to sell its stake in Flipkart to Walmart or stay invested for some more time

Flipkart has seen its valuation jump to $21 billion from just $10.2 billion a year ago. Photo: Mint

Wed, May 09 2018. 05 05 PM IST

Walmart buys Flipkart for $16 billion, shifts battle with Amazon to India

US retail giant Walmart buys 77% in India’s top e-commerce firm Flipkart , valuing it at $21 billion

Google is expected to purchase up to 5% in Flipkart. Photo: Reuters

Wed, May 09 2018. 12 04 AM IST

Flipkart, Walmart all set for world’s biggest e-commerce deal today

Walmart will buy roughly 70% of Flipkart; it will invest $2 billion in fresh capital and buy the rest from existing Flipkart investors

The offers are led by delivery platforms Swiggy, Uber Eats, and Zomato, as well as restaurants debuting on them. Photo: Mint

Tue, May 08 2018. 10 29 PM IST

Food delivery firms step up discounts to grow market

Though discounts on food orders are here to stay, analysts say free delivery offers may be phased out eventually

Baba Ramdev-led Patanjali Ayurved is said to have made the highest offer for the debt-ridden edible oil and soya foods maker Ruchi Soya Industries that is undergoing bankruptcy process. Photo: Hemant Mishra/Mint

Mon, May 07 2018. 03 38 PM IST

Deals Buzz: Patanjali makes highest bid for broke Ruchi Soya

In other news, Aurobindo Pharma Ltd has submitted an initial bid to buy Novartis AG’s dermatology generics drug business for about $1.6 billion

SoftBank still hasn’t decided how much of its 20-21% holding in Flipkart it will sell and when. Photo: Hemant Mishra/Mint

Sun, May 06 2018. 09 31 PM IST

SoftBank weighs options to cut tax liability in Flipkart stake sale

SoftBank is expected to decide on its Flipkart stake sale over the next week after consulting with tax experts

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