Walmart going to acquire Flipkart American retailer Walmart along with Google’s parent company Alphabet are expected to acquire 70-75 percent stake in the Indian e-commerce business and are likely to announce the deal on Wednesday. Global retail titan Walmart will likely announce on Wednesday that it would buy 70-75 percent of online retailer Flipkart for about USD 15 billion. Walmart will announce the investment in Flipkart in partnership with tech giant Google, setting the stage for an American business war against Amazon.com Inc in the world’s second most populous nation. The deal will likely value Flipkart at USD 20 billion. Walmart will also likely invest USD 2 billion directly by infusing fresh equity in the Bengaluru-based company founded by Sachin Bansal and Binny Bansal (unrelated) in October 2007. As part of the deal, co-founder and executive chairman Sachin Bansal will likely exit completely, selling his 5.2 percent stake. Flipkart’s existing sharehold