Walmart closes in on India's Flipkart

|By:, SA News Editor

Following an earlier debate over an Amazon (NASDAQ:AMZN) acquisition, all major investors in Flipkart (FPKT) are now on board with a Walmart (NYSE:WMT) purchase, Bloomberg reports.

The likely deal for 60%-80% of the Indian e-commerce giant, which is likely to top $12B, may be completed in the next two weeks.

Among the issues still to be resolved are whether Flipkart's founders will continue leading the business.

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