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Walmart could buy controlling stake in Flipkart as early as next week

Updated : April 20, 2018 10:45 PM IST

The US retail giant has been in talks with Flipkart for months to acquire a controlling stake in the firm as it looks to take on rival Amazon.com Inc
Walmart's purchase of new equity is likely to value Flipkart at at least $18 billion.
Walmart could buy controlling stake in Flipkart as early as next week
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