Amazon eyes stake in India's Reliance Retail.
- Amazon (NASDAQ:AMZN) is again setting its M&A sights on India, where it is engaged in a pitched battle with Walmart's (NYSE:WMT) Flipkart in what is viewed as one of their most important growth markets.
- According to the Economic Times, Amazon is in exploratory talks with Reliance Retail for buying up to 26% stake in India's biggest brick-and-mortar retailer.
- Talks began after Reliance's negotiations with Alibaba (NYSE:BABA) fell through due to differences over valuation.
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