Amazon has made an official offer to acquire a 60% stake in Flipkart. The company has even proposed a $2 billion breakup fee to prove its commitment on seeing out the deal. The offer is said to be on par with a previous one submitted by Walmart recently. Walmart plans to retain Flipkart's current structure (including company's current CEO Kalyan Krishnamurthy) while Amazon has made no such promises and wants to sign a non-compete deal with Flipkart's founders. Jeff Bezos refused to comment on the report. Anyway, Flipkart's investors and founders are leaning towards Walmart's bid and...
Source: https://www.gsmarena.com/amazon_offers_to_buy_60_of_flipkarts_stake-news-30810.php
