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Walmart likely to hold talks with eBay to remove hurdles facing Flipkart deal
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Walmart likely to hold talks with eBay to remove hurdles facing Flipkart deal
Apr 18, 2018 2:58 AM

Fresh round of talks are likely to begin between US retail giant Walmart and global e-commerce giant eBay to figure out solution for certain issues, reported Business standard.

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The news comes as Walmart is on the verge of buying stake in Indian e-commerce player Flipkart in a deal likely to cost $12 billion.

Earlier, it was reported by the technology news website Recode that it will be imperative for Walmart to strike deal with eBay as the latter holds 5 percent stake in Flipkart.

“Under the deal, Flipkart is allowed to sell merchandise from certain merchants at eBay for four years. Walmart, which has competing merchants in the same category, will have to either wait for four years or negotiate,” said the report.

Meanwhile, sources told CNBC TV-18 that Walmart has plans to integrate Flipkart's fashion business after the retail giant's acquisition of the Indian company.

The issue comes on the wake of Walmart’s attempt to buy 55% stake in Flipkart through a mixture of primary and secondary stake sale. The deal, which as per report should have been already signed is facing hurdles.

This is particularly notable in regard with the disagreements prevailing between Walmart and SoftBank Group over the valuation of Flipkart.

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