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Flipkart board approves deal to sell 75% stake to Walmart

Retrieved on: 2018-05-04 06:30:00

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<div>Under the proposed deal, <b>SoftBank Group</b> Corp will sell all of the 20% plus stake it holds in Flipkart through an investment fund at a valuation of roughly US$20bil, said the people, asking not to be named because the matter is private. Google-parent Alphabet Inc is likely to participate in the investment ...</div>

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