HALISTER: Wal-Mart in Talks to Invest Up to $1 Billion in India’s Flipkart

Wal-Mart in Talks to Invest Up to $1 Billion in India’s Flipkart

(Bloomberg) -- Wal-Mart Stores Inc. would take a minority stake in Flipkart, said a person with knowledge of the matter.
  • Final terms of the deal havn’t been worked out and negotiations are still underway, the person said
  • Amazon and Flipkart are battling for top position in India’s e-commerce market
  • Flipkart’s most recent valuation was $16 billion, according to CB Insights
  • Amazon is spending a total of $5 billion to expand in India
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
WMT US (Wal-Mart Stores Inc)
1303065D SP (Flipkart Ltd)

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