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Buzz gets louder as Walmart-Flipkart deal nears closure

Updated : April 24, 2018 02:26 PM IST

The buzz of the $12 billion deal between Walmart and Flipkart got louder today with Softbank approaching Walmart's global CEO.

Softbank with its 20% stake in Flipkart was holding out for a better offer.

Sources told CNBC-TV18 that Masayoshi Son, the founder of Softbank, met Walmart's global CEO to finalise a deal.

With Softbank willing to sell a portion of its holding in Flipkart, Walmart is already working with consultants to chart out a detailed integration plan post its acquisition of Flipkart.

 
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