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Last Updated Thursday March 22 2018 05:12 PM IST

Google wants to take a cut of retailers' profits

In exchange for Google listings and linking to retailer loyalty programs, the retailers pay Google a piece of each purchase, which is different from payments that retailers make to place ads on Google platforms.

Walmart in talks to buy more than 40% of Flipkart

Terms under discussion were not immediately available, but Flipkart would be valued at more than the $12 billion figure given when Japan's SoftBank Group Corp's Vision Fund took roughly a fifth of the firm last year for $2.5 billion.

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