Amazon rolls the dice for a chance to lift Flipkart – Feedback

USA-based online retail giant Amazon has thrown its hat in the ring to acquire India’s largest online retailer Flipkart as it looks to counter rival Walmart Stores’ attempt to gain a significant foothold in the market.

Amazon and Flipkart have initiated talks a few weeks ago for an acquisition even though a bid is yet to be submitted, according to two people familiar with the development. USA-based retail giant Walmart Stores, which has been in discussions with Flipkart for over 2 month, continues to be the most likely contender but is negotiating on the price of secondary shares.

https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/amazon-may-offer-to-buy-indias-flipkart-report/articleshow/63608733.cms

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