SoftBank has agreed to sell its entire stake in Flipkart to Walmart

The Japanese telecommunications media corporation SoftBank Group announced that it had agreed to sell its stake in the Indian Flipkart Group, the world's largest e-commerce company, to the American corporation Walmart. According to Dow Jones, this step put an end to the doubts of the head of the world's largest technology fund, Masayoshi Son, whether to sell a 21 percent stake owned by Vision Fund as part of the deal to take Flipkart under Walmart control for $16 billion. A representative of SoftBank confirmed that Son decided to sell the stake. Son told The Wall Street Journal that he plans a larger investment in Paytm's digital payment company, which also operates an online store.

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