Motilal Oswal
  • SENSEX
    NIFTY 50
Motilal Oswal
VIDEOS
April 24, 2018 02:18 PM | Retail

Buzz gets louder as Walmart-Flipkart deal nears closure

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.

 
Live TV