Walmart Inc. is set to announce the purchase of a majority stake in Flipkart in a deal that will value India’s largest online retailer at more than $21 billion, making it the world’s biggest ever e-commerce acquisition...
Infibeam to buy Unicommerce from Snapdeal
Infibeam Incorporation Ltd on Monday said that its board has approved the acquisition of Unicommerce eSolutions Pvt. Ltd, owned by Jasper Infotech Pvt. Ltd that runs online marketplace Snapdeal.com, for Rs120 crore...
SoftBank weighs options to cut tax liability in Flipkart stake sale
SoftBank Group Corp. is considering ways to sell its stake in online retailer Flipkart Ltd without attracting a hefty tax liability, as Flipkart nears a deal to sell a majority stake to Walmart Inc., two people familiar...
Flipkart bid: Walmart Googles for a partner
Walmart Inc., which is in the final stages of talks to buy a majority stake in e-commerce firm Flipkart Ltd, is likely to bring along search giant Google as a strategic partner and investor after the deal, according to...
Flipkart board okays Walmart’s $15 bn offer; SoftBank, Tiger Global to exit
The Flipkart board has given its approval to a deal that will see US retail giant Walmart picking up close to 75 per cent in the Bengaluru-headquartered company with an investment of around $15 billion, putting to rest...
Flipkart yet to finalise stake sale deal with Walmart: Sources
Indian e-commerce firm Flipkart’s board is yet to finalize a deal to sell a stake to Walmart Inc, two sources with direct knowledge of the matter said on Friday, adding that a deal could just be days away...
Flipkart goes private in Singapore ahead of Walmart deal
In a move seen as a precursor to US retail giant Walmart acquiring a majority stake in Flipkart, the Indian e-commerce player has bought back shares worth $350 million from investors in its Singapore-based parent to...
Amazon offers to buy 60% stake in Flipkart, but Walmart still ahead
American e-commerce major Amazon has formally entered the battle for Flipkart, a move that may slow down rival Walmart’s effort to buy a controlling stake in the Bengaluru-headquartered firm. Sources indicated that...
Flipkart-Walmart deal talks enter final stages
Walmart Inc., the world’s largest retailer, is in final negotiations to buy a majority stake in Flipkart Ltd even as a rival combination of Flipkart and Amazon looks increasingly unlikely, three people familiar with the...
Flipkart Walmart deal would be good for e-commerce: Amazon India head
Since its launch in June 2013, Amazon India (Amazon Seller Services Pvt. Ltd) has been the biggest threat to market leader Flipkart. Now, Amazon is in a two-way race with rival Walmart Inc. to buy a controlling stake in...
Walmart, eBay fresh round of talks likely for $12 bn 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 giant eBay to figure out issues related to merchants...
JD.com takes $85 million stake in Allianz China unit
JD.com Inc. will invest 536.6 million yuan ($85.4 million) for a 33% stake in the China unit of global insurance giant Allianz SE, the companies said, as part of the Chinese e-commerce firm’s push into financial...
