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Wal-Mart In Talks To Buy Stake In India's Flipkart: Sources


Ron Burgundy
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General view shows a Wal-Mart store in MonterreyHONG KONG/MUMBAI (Reuters) - Wal-Mart Stores Inc is in talks to buy a minority stake in India's largest e-commerce firm Flipkart, two sources familiar with the matter said, as the world's biggest retailer aims to get a slice of a fast-growing online retail market. One of the sources said the U.S. retailer was looking to invest between $750 million and $1 billion in Flipkart, but the final value and size of the stake would depend on the outcome of talks about the Indian company's overall valuation. Wal-Mart in India and Flipkart declined to comment.




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