https://www.cnbc.com/2018/05/02/amazon-makes-offer-for-a-majority-stake-in-flipkart.html

Amazon has made a formal offer to buy a majority stake in Indian e-commerce firm Flipkart, CNBC affiliate CNBC TV-18 reported Wednesday, citing sources.

The U.S. e-commerce giant has offered to purchase a 60 percent stake in Flipkart. As part of the proposal, Amazon is seeking a non-compete agreement from Flipkart's founders, TV-18 said.