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SoftBank to sell Flipkart stake - report

Tuesday 24 April 2018 | 08:38 CET | News
SoftBank Vision Fund plans to sell a substantial part of its 20 percent stake in Flipkart to Walmart, allowing the US retail company to take a majority interest, Bloomberg reports. SoftBank Vision Fund purchased its stake in Flipkart Online Services for USD 2.5 billion in August 2017. If the deal goes through, Flipkart would be valued at USD 20 billion, up from USD 12 billion in 2017.

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Categories: Internet
Companies: Softbank
Countries: India
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