Flipkart board said to have approved $15b deal with Walmart

Flipkart board said to have approved $15b deal with Walmart

Photographer: DHIRAJ SINGH/Bloomberg

The board of Flipkart Online Services Pvt has approved an agreement to sell about 75 percent of the company to a Walmart Inc.-led group for approximately $15 billion, according to people familiar with the matter, an enormous bet by the American retailer on international expansion.

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