Talks between the companies are reportedly at a critical stage and could involve Walmart buying shares from corporate investor SoftBank at a $20bn valuation.
Big-box retailer Walmart has entered discussions to invest roughly $7bn in India-based e-commerce company Flipkart at a valuation of about $20bn, Bloomberg reported today, citing people familiar with the matter.
Flipkart runs an e-commerce marketplace with more than 100 million registered users and some 80 million products spanning areas such as electronics, clothing, sporting equipment, furniture and household goods.
The deal would involve Walmart buying shares from telecommunications and internet group SoftBank and hedge fund manager Tiger Global Management, though…
