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Flipkart co-founder, SoftBank exit after Walmart takeover

US retail giant Walmart has signed a deal to buy a 77% stake in Flipkart, India’s largest e-commerce marketplace, for US$16 billion. The takeover has given one of the company’s founders and top investor SoftBank an opportunity to sell out. Sachin Bansal sold his 5.96% stake in the company he founded in 2007 with friend Binny […]