Comment on eBay Throws Wrench Into Walmart's Plan to Buy Flipkart

eBay Throws Wrench Into Walmart's Plan to Buy Flipkart

Acquiring Indian online marketplace Flipkart isn't going to go smoothly for Walmart (NYSE: WMT). After making overtures to purchase a majority stake of the service and performing its due diligence, Amazon.com (NASDAQ: AMZN) was reportedly ready to make a competing offer for it, raising the specter of a costly bidding war.While that seems to have come to naught, as no offer has yet materialized, a new speed bump appeared in the roadway in the form of eBay (NASDAQ: EBAY), which may require the retailer to work out a side deal with the auction site first as it is both an investor and partner in Flipkart.Image source: Getty Images.Continue reading

 

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