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 SoftBank CEO confirms Walmart buying India e-tailer Flipkart

 

SoftBank CEO confirms Walmart buying India e-tailer Flipkart

Last Updated on : 9 May,2018 | Source : Universal News Timeline


New Delhi:
US retail giant Walmart will buy a majority stake in India's largest e-commerce company Flipkart, according to the head of SoftBank, a major stakeholder in the Indian firm.

"Last night, (they) reached a final agreement and it was decided that Flipkart will be sold to America's Walmart," said SoftBank CEO Masayoshi Son, whose firm owns a 20 per cent stake in Flipkart.



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