Flipkart in talks with travel booking portal Cleartrip for its acquisition
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Amid the visible impact of the Covid outbreak on the travel industry Walmart-owned Flipkart is going to acquire travel and hotel booking platform Cleartrip. Flipkart is likely to acquire Cleartrip in a mix of cash and equity. According to business daily, "the exact terms of the deal are still in the works but an announcement may come through soon." The Covid-led economic crisis reportedly led to the sale.