 "$12 bn Flipkart-Walmart deal: Investors are expecting to strike it rich")
The Flipkart board has given its approval to a deal that will see US retail giant Walmart picking up close to 75 per cent in the Bengaluru-headquartered company with an investment of around $15 billion, putting to rest months of speculation surrounding the largest deal in the country’s fast-emerging Internet sector.
The deal could be formalised as early as next week, with the signing of the papers, said a highly-placed source privy to the discussion.
“Some of the finer details of the deal are still being worked out, but it would be announced next week,” the person added.
SoftBank, the
