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Flipkart-Walmart deal announcement likely tomorrow, Sachin Bansal may exit after that

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Walmart is likely to announce its deal to buy a controlling stake in Indian e-commerce player Flipkart tomorrow, two sources said, in what is likely to be the US retail giant's biggest acquisition of a business. Walmart and Google parent Alphabet will buy up to 75 percent of Flipkart. Bentonville, Arkansas-based Walmart will acquire about a 60 percent stake in Flipkart, while Alphabet will get a roughly 15 percent stake in the online marketplace for about $3 billion, one of the sources said.

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