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The world and India richest men could make a deal All you need to know

The world's richest man Amazon CEO Jeff Bezos and India's richest man Mukesh Ambani are reportedly in talks about a deal. The talks between the two companies are said to be in exploratory stages. As per a report economic times, Amazon is in exploratory talks with Reliance Retail to acquire up to 26% in the country’s largest brick-and-mortar retailer. Reliance Retail is a subsidiary of RIL. The report quotes two senior industry executives.

1. Talks began after Reliance’s negotiations with Alibaba Group fell through : Talks started after Reliance’s negotiations with China’s Alibaba Group to sell a stake in the retail entity reportedly fell through due to differences over valuation.

2. What Amazon gets from the deal: Access to wider offline network : The deal will give Amazon access to the widest network of offline stores that can also serve as fulfillment points for its food and grocery play in the long run.

3. What Amazon gets from the deal: Save it from Reliance's buying might : The deal may help save Amazon from Reliance's buying power in consumer goods.

4. What Amazon gets from the deal: Eyeing easing of FDI rules : Amazon is also eyeing easing of FDI rules. For, if the FDI rules are made relaxed a bit it will aid closer integration of businesses through omni-channel.

5. What Reliance gets from the deal: Funds to reduce debt : Reliance may want the deal to get funds to reduce its outstanding debt that stood at Rs 2.88 lakh crore at the end of June.

6. What Reliance gets from the deal: Ecommerce platform : The deal with Amazon will also provide Reliance a ready ecommerce platform with huge consumer traffic.

7. Amazon wants less than 26% stake so that Reliance Retail can become a seller on its marketplace.

8. As of June, Reliance Retail operated 10,644 retail stores in more than 6,700 cities.

9. Amazon is also said to be in talks with the Future Group.
 

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