Business

Still weighing its options regarding Flipkart stake sale, says SoftBank CEO

Updated : May 16, 2018 12:18 PM IST

Son made the statement in Tokyo on the sidelines of The Wall Street Journal’s CEO Council meeting.

Son said that SoftBank is weighing its options on a bigger investment in Paytm.

Still weighing its options regarding Flipkart stake sale, says SoftBank CEO

SoftBank Chief Executive Masayoshi Son said the firm is still weighing its options regarding the sale of its stake in Flipkart to Walmart, reported Business Standard.

As per the report, Son made the statement in Tokyo on the sidelines of The Wall Street Journal’s CEO Council meeting. Further, Son said that SoftBank was weighing its options on a bigger investment in Paytm, the report added.

The decision made by the firm regarding the sale of its stake in Flipkart could prove critical for the success of $16 billion Walmart-Flipkart deal.

With several factors including future investments in Paytm Mall under consideration, the firm will make its decision regarding its stake in Flipkart buy next week, the report said.

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