Amazon and Walmart are duking it out for a stake in one of India's biggest e-commerce companies

Thomson Reuters Amazon.com Inc has made a formal offer to buy a 60 percent stake in Indian online retailer Flipkart, CNBC-TV18 reported on Wednesday, citing sources. Amazon also offered Flipkart a breakup fee of $2 billion and is likely to be on par with Walmart Inc's bid for the e-commerce company, CNBC TV-18 reported. Reuters in April reported that Walmart was likely to reach a deal to buy a majority stake in Flipkart by the end of June.See the rest of the story at Business Insider See Also: P...