HONG KONG/MUMBAI: 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 US retailer was looking to invest between US$750mil (RM3bil) and US$1bil (RM4.1bil) in Flipkart, but the final value and size of the stake would depend on the outcome of talks about the company's overall valuation.
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