Flipkart deal could finally happen for Walmart

Walmart is in advanced discussions to buy a 51% stake in Indian e-commerce firm, Flipkart.

It has reportedly offered $10 billion to $12 billion, although to seal the deal it will likely have to thrash things out with Flipkart investor and partner, eBay, according to ReCode.

The US retailer has held intermittent talks with Flipkart over the past two years, with the two inking a non-disclosure pact in 2016 that was renewed in 2017.