Flipkart must feel like the belle of the ecommerce ball.
FlipKart, the Indian ecommerce marketplace, “has approved an agreement to sell about 75 percent of the company to a Walmart Inc.-led group for approximately $15 billion,” according to Bloomberg. Flipkart generated $3.1 billion in revenue last year.
Walmart said it had no comment.
This comes a day after CNBC reported that Amazon not only offered to buy a majority stake in the company, but it also offered a breakup fee of $2 billion and a non-compete. Walmart’s previous bid was rumored to be around $10-$12 billion. Alphabet
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