Amazon buying Flipkart
Dilie: Amazon is planning to buy a flipkart of the famous Indian commerce company. Information on Amazon.com will be sent to Flipkart.
Walmart has been consulted to buy a flipkart. Those dealing with these affairs say that the deal with Walmart is likely to go forward.
Amazon’s representatives did not react to the latest purchase agreement. On the other hand, Flipkart refused to respond immediately.
Walmart has been negotiating to buy more than 40 per cent of the flipkart. This is expected to challenge Amazon, the third largest economy in Asia.
In 2007, Flipkart was founded by Amazon former employees Sachin Bansal, Binny Bansal. There is a 40% online retail business in India.