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Amazon may offer to buy Flipkart to counter Walmart's bid: Report

Amazon held early exploratory talks to buy control of Indian rival Flipkart but a deal with Walmart is more likely

Reuters 

Amazon.com Inc may make a rival offer to buy Indian e-commerce firm Flipkart, which is in tie-up talks with Walmart Inc, local media reported, as the two US retail giants jostle for dominance in India’s booming online industry. Amazon held early exploratory talks to buy control of Indian rival Flipkart but a deal with Walmart is more likely, daily newspaper Mint said on Wednesday, citing people with knowledge of the matter. One person familiar with the matter told Reuters that the probability of a deal with Amazon was low, and that any such deal could spark monopoly ...

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First Published: Wed, April 04 2018. 13:12 IST
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