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SOFTBANK CONFIRMS DEAL TO SELL FLIPKART STAKE TO WALMART

The head of Japanese technology company SoftBank Group Corp. said this week it has reached an agreement to sell its stake in Indian e-commerce company Flipkart to Walmart.

Softbank founder and CEO Masayoshi Son did not give details in confirming the deal, which has been widely anticipated. He mentioned the agreement while discussing the company’s quarterly results.

Son did say

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