INSUBCONTINENT EXCLUSIVE:
Flipkart controls nearly 40% of India's online retail market, showed estimates by researcher Forrester.
Walmart is expected to announce its much-anticipated deal today to buy a controlling stake in Indian e-commerce company Flipkart, the
Economic Times newspaper reported
The deal, likely to value Flipkart roughly at $18-20 billion, is likely to be the US retail giant's biggest acquisition, news agency Reuters
Google parent Alphabet Inc is likely to partner Walmart in the deal
Walmart is likely to own a roughly 60 per cent stake, while Alphabet will get about 15 per cent ownership of Flipkart, the report said,
