Amazon to buy Flipkart

Well. Here is some interesting news for the online shoppers. Amazon is all set to purchase majority of shares in Flipkart. Amazon and Flipkart have been two major players in the field of online shopping at India. Flipkart has the leading edge in the market with 40 percent of the share. Unable to get past, Amazon is planning to purchase shares in Flipkart. This might turn the online market into a monopoly where Amazon would be dictating the terms. However, global giant Walmart is also making moves to purchase Flipkart! A few more days is needed to find out the final winner of the bid.