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Exclusive: Amazon offers to buy 60 percent in Flipkart

Updated : May 03, 2018 07:11 AM IST

In a new development in the Flipkart deal, Amazon has made its formal offer to buy 60% stake in Flipkart on Monday proposing to merge the two e-commerce giants, sources said.
Amazon's offer is likely to be on par with Walmart's offer.
The Amazon is believed to include Amazon offer the breakup fee of $ 2 billion. The Walmart offer includes the buyout of over 80% stake.
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