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softbank dilly-dallies on flipkart stake sale after walmart acquisition




japan's softbank group corp has not yet decided to sell its 20-22 per cent stake in flipkart to us retailer walmart inc, sources with direct knowledge of the development said. softbank's masayoshi son will take a call in the next 7-10 days on whether to exit india's biggest online retailer or say in...



walmart-flipkart deal: still weighing stake sale, says softbank ceo




softbank group corp, which runs the world’s largest technology fund, is still weighing its options regarding plans to sell its stake in india’s flipkart group to walmart inc, chief executive masayoshi son said tuesday. “we are considering many options,” mr son said on the sidelines of the wa...



walmart, ebay fresh round of talks likely for $12 bn deal with flipkart




as flipkart waits to close its $12 billion stake sale to walmart, a fresh round of talks might happen between the us-based retail giant and global e-commerce giant ebay to figure out issues related to merchants. according to a recent article in recode, walmart might have to negotiate with ebay if it...



amazon offers to buy 60% stake in flipkart, but walmart still ahead




american e-commerce major amazon has formally entered the battle for flipkart, a move that may slow down rival walmart’s effort to buy a controlling stake in the bengaluru-headquartered firm. sources indicated that amazon, which aggressively competes with flipkart in the india market, has put in a...



walmart buys 77 per cent stake in flipkart for $16 billion




us retail giant walmart has signed a definitive agreement to acquire a 77 per cent stake in india’s largest e-commerce marketplace flipkart with an investment of around $16 billion, making it the largest transaction in history of the online retail space globally.the deal, which wiped away $10 bill...



mystery surrounds walmart-flipkart deal as softbank's son in wait mode




masayoshi son-led softbank has kept the $16-billion walmart-flipkart deal in suspense and how. soon after the mega transaction was signed and announced, the indications coming from the tokyo-headquartered softbank, the largest investor in flipkart, suggest there’s more to the deal. sources close t...



mystery surrounds walmart-flipkart deal as masayoshi son says wait




masayoshi son-led softbank has kept the $16-billion walmart-flipkart deal in suspense and how. soon after the mega transaction was signed and announced, the indications coming from the tokyo-headquartered softbank, the largest investor in flipkart, suggest there’s more to the deal. sources close t...



flipkart close to sealing $12-bn deal with walmart: pact in two weeks




walmart inc. is close to finalizing a deal to buy a majority stake in india’s leading e-commerce company for at least $12 billion and may complete the agreement in the next two weeks, according to people familiar with the matter. all the major investors in flipkart online services pvt are now on b...



flipkart said to be leaning towards selling stake to walmart over amazon




walmart inc. looks likely to take the next round in the battle for india’s retail market over rival amazon.com inc.flipkart online services pvt, the country’s leading e-commerce company, is leaning toward selling a controlling stake to the bentonville, arkansas-based company walmart, rather than...



flipkart board approves walmart's $15 bn offer to buy 75% stake




the flipkart board has given its approval to a deal that will see us retail giant walmart picking up close to 75 per cent in the bengaluru-headquartered company with an investment of around $15 billion, putting to rest months of speculation surrounding the largest deal in the country’s fast-emergi...



flipkart board said to have okayed $15-bn deal to sell 75% stake to walmart




the board of flipkart online services pvt has approved an agreement to sell about 75 per cent of the company to a walmart inc.-led group for approximately $15 billion, according to people familiar with the matter, an enormous bet by the american retailer on international expansion. under the propose...



flipkart board okays walmart's $15 bn offer; softbank, tiger global to exit




the flipkart board has given its approval to a deal that will see us retail giant walmart picking up close to 75 per cent in the bengaluru-headquartered company with an investment of around $15 billion, putting to rest months of speculation surrounding the largest deal in the country’s fast-emergi...



walmart, india's flipkart to announce e-commerce mega deal




us retail behemoth walmart is reportedly set to buy a majority stake in flipkart, india's biggest e-commerce companyus retail behemoth walmart is expected to announce wednesday that it is to buy a majority stake in india's largest e-commerce company flipkart for around $15 billion. walmart ceo doug ...



walmart in talks to buy 40% in flipkart; due diligence to start next week




walmart inc is in talks to purchase a stake of more than 40 per cent in indian e-commerce firm flipkart, a direct challenge to amazon.com in asia’s third-largest economy, two sources familiar with the matter said on friday. in what would be one of its biggest overseas deals, the us retailer is loo...



walmart-flipkart deal: i-t to seek share purchase pact to fix tax liability




the tax department will seek share purchase agreement from flipkart on the mega $16 billion buyout by us retail giant walmart to assess the tax liability and also to find out whether the gaar provisions can be invoked, an official said. the department currently is going through the section 9(1) of t...



is walmart chasing a mirage in flipkart with the $16-billion acquisition?




is walmart chasing a mirage by acquiring flipkart at a total valuation of nearly $21 billion? a back of the envelope calculation suggests that flipkart would need to generate an annual net profit of around $2 billion (rs 135 billion at the current exchange rate) for walmart to get a 10 per cent retu...



by buying stake in flipkart, walmart wants to achieve these 3 lofty targets




the world’s biggest retail chain walmart has set three clear targets while trying to pick up a controlling stake in bengaluru-based flipkart, sources aware of the developments said. through flipkart, the american major is looking for the first real entry into the promising indian retail market aft...



flipkart-walmart potential deal underpins gap in india's retail market




as the deal which could see us retail giant walmart investing as much as $10 billion for a majority stake in indian e-commerce major flipkart nears fruition, all eyes are focused on how walmart executes its online-to-offline plan in the country. considered to be a major proponent of the deal, walmar...



by buying stake in flipkart, walmart wants to achieve these 3 lofty targets




walmart, the world’s biggest retail chain, has set three clear targets while trying to pick a controlling stake in bengaluru-based flipkart, sources aware of the developments said. through flipkart, the american major is looking for the first real entry into the promising indian retail market afte...



flipkart-walmart deal: bansals may be liable for 20% capital gains tax




flipkart founders sachin and binny bansal may have to pay 20 per cent capital gains tax if they sell their shares in the company as part of the proposed deal with us retail giant walmart, say tax experts. the indian e-commerce major is in discussions to sell majority holding to walmart and an announ...



walmart may make flipkart public via ipo route in as little as 4 years




walmart inc said on saturday in a filing with a us regulator that it may take india's flipkart public in as early as four years, detailing for the first time a potential listing timeline for walmart's largest-ever acquisition. minority investors holding 60 percent of flipkart's shares "acting togeth...



softbank is looking for top-dollar valuations, consolidation and payback




masayoshi son, the enigmatic leader of softbank group which has pumped in over $7.2 billion in india, is now looking for top-dollar valuations, consolidation and payback. the japanese investment giant is in the midst of two major deals in india which could reshape both the e-commerce and ride-hailin...



flipkart deal: cbdt seeks tax details from us retail giant walmart




to avoid the imbroglio seen during the vodafone retrospective tax affair, the central board of direct taxes (cbdt) has written to the india arm of us retailing giant walmart, seeking details of their due-diligence on tax liabilities arising from the $16-billion acquisition of e-commerce major flipka...



flipkart nears $7-bn walmart investment deal, valuation to reach $20 bn




walmart inc. is in discussions to spend about $7 billion to become the largest investor in india’s leading e-commerce company, according to people familiar with the matter, a move that would put the us retailer in competition with amazon.com inc. in one of the most promising online retail markets....



walmart deal in the bag, flipkart may now build a $1 bn m&a warchest




flipkart is gearing up for the next phase of expansion after its merger with walmart and has kept aside around a billion dollar for mergers and acquisitions (m&as), sources said. readying its game plan, the bengaluru-based e-commerce giant plans to renew talks of investments in various companies suc...