Wednesday, May 23, 2018

SoftBank confirms selling 'entire stake' of over 20% in Flipkart to Walmart, to rake in around $4 bn from sale

While SoftBank is now exiting Flipkart, it continues to be a significant investor in Flipkart's rival Paytm Mall. Reports suggest after the closure of the Flipkart deal, SoftBank could look at pumping in funds into Paytm Mall.

from Latest News Business on Firstpost https://ift.tt/2IYZK30
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