Walmart-Flipkart deal: Still weighing stake sale, says SoftBank CEO

SoftBank is weighing its options on a bigger investment in Paytm, says Mr Son

SoftBank Group Corp, which runs the world’s largest technology fund, is still weighing its options regarding plans to sell its stake in India’s Flipkart Group to Walmart Inc, Chief Executive Masayoshi Son said Tuesday.
 
“We are considering many options,” Mr Son said on the sidelines of The Wall Street Journal’s CEO Council meeting in Tokyo. He didn’t elaborate further.
 
Last week, Walmart agreed to take control of Flipkart—India’s largest e-commerce company—for $16 billion. That deal increased the value of the tech-focused Vision Fund’s stake in Flipkart by 60 per cent, Mr Son said last week.
 
But a