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Walmart nears US$12bn Flipkart deal

Retrieved on: 2018-04-22 23:56:15

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<div>Tiger Global Management would sell nearly all its 20 percent stake in Flipkart, while <b>Softbank Group</b> Corp would offload a substantial part of its more than 20 percent holding, the people said. Walmart would likely end up with 60 to 80 percent of Flipkart, valued at about US$20 billion, they said.</div>

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