Global online retailer Amazon is expected to make an offer to buy Indian e-commerce firm Flipkart .
Amazon made a move on the e-commerce firm after Walmart revived talks to buy a majority stake in Flipkart, as both retailers are seeking dominance in the Indian online industry.
Reportedly, while both companies are showing interest in Flipkart, Walmart is more likely to secure a deal.
Walmart is expected to acquire a majority stake in the Indian e-commerce firm through a mix of primary and secondary share purchases in a deal that could value Flipkart at $21bn.
Reportedly, the probability of a deal with Amazon is low, and if the deal was concluded, it could spark monopoly concerns as Flipkart and Amazon dominate India’s e-commerce market.
In February this year, Walmart approached Flipkart to acquire a 40% stake, however, Flipkart denied the offer.
Amazon has also announced plans to open a new fulfilment centre in North Las Vegas.
The new fulfilment centre will join the three existing centres in Nevada.
Amazon North America customer fulfilment vice-president Sanjay Shah said: “We’re excited to open a new, state-of-the-art fulfilment centre in North Las Vegas and to continue innovating in a state committed to providing great opportunities for jobs and customer experience.
“Nevada has a talented workforce, and we are very excited to grow employment beyond the more than 3,000 associates already serving customers in the state.”
Established in 800,000ft² space, Amazon will use the new centre to pick, pack and ship certain products, such as books, household items and toys to customers.
North Las Vegas Mayor John Lee said: “This first-of-its-kind facility for Nevada highlights the innovation and technology that North Las Vegas has come to be known for, and we wish Amazon ongoing success as our organisations continue to grow together.”