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Google to join forces with Walmart to aid Flipkart acquisition bid

Google to reportedly join forces with Walmart to aid its Flipkart acquisition / Flipkart

Google's parent company Alphabet is reported to be set join forces with Walmart in India to aid Walmart's efforts to buy a majority stake in Indian e-commerce platform Flipkart.

As part of the deal, Alphabet might pick up minority stakes in Flipkart by investing $1-2 bn after the Walmart acquisition according to Economic Times.

Google and Walmart already joined forces last year in the US to allow consumers to order hundreds of thousands of products by voice with Google Assistant on Google Home or the Google Express website or app.

Previous to this proposed partnership, Walmart's Flipkart plans were put on hold by eBay.

Meanwhile, according to Reuters, Walmart plans to invest around $12bn to acquire 51% stake in Flipkart to combat rival Amazon in the Indian market.

However, Flipkart reported a loss of Rs 8,771 crore ($1.4bn) for the financial year ending March 2017 in its latest regulatory filing shows which has forced Walmart to think about a deal with eBay and Alphabet.