Walmart and eBay may opt for a new round of talks to figure out issues related to merchants as Indian company Flipkart waits to close its $12-billion stake sale to Walmart. As eBay has invested $500 million in Flipkart and holds a 5 per cent stake in the firm, the talks are reportedly essential if Walmart wants to conduct business over the next few years.
As Flipkart sells merchandise from certain merchants at eBay for four years and Walmart has competing merchants in the same category, the latter will have to either wait for four years or negotiate with eBay, according to Indian media reports.
Senior executives from Walmart, eBay, Tiger Global, and SoftBank Group are said to be ironing out kinks in the deal.
Walmart is planning to pick up around 55 per cent stake in Flipkart through a mix of primary and secondary stake sale, paying $8 -$10 billion. (DS)
Fibre2Fashion News Desk – India