SoftBank Group Corp said on Wednesday it is selling its roughly 20 percent stake in Indian e-commerce firm Flipkart to Walmart Inc.

Walmart said earlier this month it will pay <a href="http://www.wionews.com/business-%26-economy/walmart-buying-77-stake-in-flipkart-for-16-billion-135737">$16 billion</a> for a roughly 77 percent stake in Flipkart, the US&nbspretailer's largest-ever deal.

A SoftBank spokesman declined to give further details.

SoftBank CEO Masayoshi Son said earlier this month the $2.5 billion investment through its private equity fund in Flipkart made last year was worth $4 billion. 
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Walmart said earlier this month it will pay $16 billion for a roughly 77 percent stake in Flipkart. SoftBank owns an about 20% stake in Flipkart

SoftBank Group Corp said on Wednesday it is selling its roughly 20 percent stake in Indian e-commerce firm Flipkart to Walmart Inc. Walmart said earlier this month it will pay $16 billion for a roughly 77 percent stake in Flipkart, the US&nbspretailer's largest-ever deal. A SoftBank spokesman declined to give further details. SoftBank CEO Masayoshi Son said earlier this month the $2.5 billion investment through its private equity fund in Flipkart made last year was worth $4 billion.

SoftBank says selling entire Flipkart stake to Walmart

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SoftBank says selling entire Flipkart stake to Walmart