Walmart comes very close to a contract of sale Give her a controlling stake in the Indian eCommerce Powerhouse Flipkart. The deal is reportedly priced at $ 12 billion at the bottom, and experts predict that the two parties could come to a final settlement within two weeks, according to Bloomberg news.
Reports show that all major investors in the company are on board with the big Walmart buy. Tiger Global Management will sell almost its entire 20 percent stake while the SoftBank group plans to sell the majority of its 20 percent stake. At the end of the transaction, Walmart will probably have 60 to 80 percent left over by Flipkart.
What that will mean remains unclear. Still in the air is whether the founders of Flipkart will continue the business after the purchase.
And of course – as with any negotiation – it is very likely that the deal will not work in negotiations between the two companies
If the deal goes as planned, Walmart will have great access to an emerging market of 1, Have 3 billion potential customers. India is considered to be the next major trading center in global trade, with China's dominance in the nation of Alibaba turning out to be largely unbreakable for outsiders.
"There is no other country with this kind of opportunity," said Satish Meena, a New Delhi-based senior forecast analyst at Forrester Research Inc. "India may not be a big deal, but it's the chance for the future, the Walmart and have an eye on Amazon. "
According to reports, Amazon also made a push purchase Flipkart, but according to insiders, Flipkart Board determined Walmart could close the deal easier. Walmart is likely to have fewer regulatory hurdles, as there is currently no online presence in India.
Both Walmart and Flipkart rejected requests for comments. You may also consider: