Amazon Makes Formal Offer for 60% of Flipkart

(Source: Investopedia ) Inc. (AMZN) stepped up its battle for Indian e-commerce dominance, formally making an offer for Flipkart, the local internet retailer that is in deal talks with Walmart Inc. (WMT). Reuters, citing India’s CNBC-TV18, reported that Amazon offered to purchase a 60% stake in one of the leading e-commerce players in