Wal-Mart Looks At Acquiring Minority Stake In India's Flipkart

Wal-Mart Stores Inc. is reportedly negotiating to invest as much as $1 billion in India-based online retailer Flipkart Online Services Pvt. Valued at about $16 billion, Flipkart is the largest online retailer in the country; however, its hold on the market is under assault by Amazon and other rivals. Under the proposed deal, Wal-Mart would acquire a minority stake in the online retailer. Such a deal would significantly benefit both parties, enabling both Wal-Mart and Flipkart to expand their operations in India, the third most important e-commerce market after the US and China.