Amazon offers to buy 60% stake in India's Flipkart

Amazon offers to buy 60% stake in India’s Flipkart

Technology News

Amazon offers to buy 60% stake in India's Flipkart

Amazon offers to buy 60% stake in India's Flipkart

Amazon offers to buy 60% stake in India's Flipkart: CNBC-TV18. Amazon.com. CNBC-TV18. Amazon.com. has made a formal offer to buy a 60% stake in Indian online retailer Flipkart, CNBC-TV18 reported on Wednesday, citing sources.

 

 Amazon also offered Flipkart a breakup fee of $2B, the TV channel reported. Amazon’s bid is likely to be on par with Walmart’s bid for the Indian e-commerce company, CNBC-TV18 reported. Flipkart’s investors and founders are in favor of the deal with Walmart, with founder Sachin Bansal overseeing final negotiations with Walmart, CNBC-TV18 said. Amazon is also seeking a non-compete agreement with Flipkart’s founders, the report added. Read more here.

JADIRI GAMER

Jadiri Gamer "THE MORE YOU KNOW" Gamers Entertaining Gamers
Fandomfare Gaming Entertainment no.1 source in, Gaming news, Live Game Streaming , PC Gaming & related Events E3, Gamecon and more, eSports event news and releases gaming technologies.

Fandomfare Gaming Entertainment Video Games | Game Reviews | Game Streaming |Linux Distribution | more than 20-year online gaming and following the gaming industry\

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.