Walmart likely to clinch deal for majority stake in India's Flipkart by June

Walmart likely to clinch deal for majority stake in India's Flipkart by June

REUTERS/Abhishek N. Chinnappa

Walmart Inc is likely to reach a deal to buy a majority stake in Indian e-commerce player Flipkart by the end of June in what could be the U.S. retail giant’s biggest acquisition of an online business, two people with direct knowledge of the matter said.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter