Medco plans to fund the deal by proceeds of a credit agreement and from its existing cash resources.
ByteDance is in talks with investors including major Chinese government-led funds and state-owned investment banks.
Amazon is also learnt to have offered Flipkart a breakup fee of $2 billion.
The new funds would be in addition to billions of dollars which SoftBank has access to through the Vision Fund.
© Copyright DEALSTREETASIA 2014-2019 All rights reserved.
Forgot your password?
We will never share your information with third parties.
Already have an account? Sign in here
If you don’t already have an account click the button below to create your account.
Unlock your competitive advantage in a
rapidly evolving landscape. Our packages
come with exclusive access to archive
content, data, discount on summit tickets & more.
Be a part of our growing community now.