 "Flipkart nears $7-bn Walmart investment deal, valuation to reach $20 bn")
Walmart Inc. is in discussions to spend about $7 billion to become the largest investor in India’s leading e-commerce company, according to people familiar with the matter, a move that would put the US retailer in competition with Amazon.com Inc. in one of the most promising online retail markets.
The Bentonville, Arkansas-based retail giant plans to buy about a third of Flipkart Online Services Pvt, in part by purchasing stakes from Tiger Global Management and SoftBank Group Corp., said the people, asking not to be identified because the talks are private. The deal may push the valuation of the homegrown
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