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Home News Alibaba's bid to buy Flipkart for $6 billion failed: Reports

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Alibaba's bid to buy Flipkart for $6 billion failed: Reports

Alibaba's bid to buy Flipkart for $6 billion failed: Reports

Wednesday, April 12, 2017, 6:53 PM

Chinese e-commerce giant Alibaba reportedly tried to buy Flipkart for $6 billion during the last quarter of 2016, but talks fell through at an early stage. Flipkart's valuation reached $15.2 billion in 2015, but was slashed to about $5.5 billion by investors by 2016 end. The acquisition proposal from Jack Ma-led Alibaba reportedly came amid multiple top-level exits at Flipkart.
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