Amazon may offer to buy Flipkart to counter Walmart’s bid: Report

Amazon may submit a rival offer to buy India’s largest e-commerce firm Flipkart, which is in advanced talks with Walmart Inc. for selling a majority stake, said two people with direct knowledge of the matter. Amazon has held early exploratory talks to buy Flipkart even as the latter closes in on a sale to Walmart. Walmart, the world’s largest retailer, is in talks to buy 55% of Flipkart through a mix of primary and secondary share purchases in a deal that could value Flipkart at $21 billion.