YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Amazon made an offer to buy a 60 percent stake in Indian e-commerce firm Flipkart, according to media reports.
The bid counters Walmart, which is said to be in advanced talks to become the largest shareholder of Flipkart. Walmart reportedly offered $10 billion to $12 billion.
Amazon's bid is likely on par with Walmart's offer, though Amazon added a $2 billion break-up fee to sweeten the proposal.
Read more from CNBC.
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