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Walmart is looking to buy a huge stake in India’s Flipkart

Walmart is looking to buy a huge stake in India’s Flipkart

The U.S. retail giant is in talks to buy more than 40% of Indian e-commerce firm Flipkart, reports Reuters. Flipkart is currently valued around $12 billion, so the proposed take could cost Walmart north of $5 billion. If the deal finalizes, it would give both Flipkart and Walmart some much-needed muscle against Amazon and would also allow Walmart to more easily access the growing consumer base in India.

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