Walmart’s (WMT) global expansion plans just received a major boost with the board of India-based e-commerce major Flipkart agreeing to sell 75% of its controlling stakes to the US-based retailer for $15 billion. According to Bloomberg, Flipkart’s key shareholder, SoftBank, has agreed to sell nearly 20% of its stake in the e-commerce firm. Rumors are … Continue reading Flipkart deal will pitch Walmart against Amazon in India