British PM Boris Johnson's spokesman confirmed that UK regulators were looking into the deal, and its implications for Arm's headquarters in Cambridge.
Unacademy saw its valuation rise to $1.45 billion from $510 million five months ago, turning it into India's second edtech unicorn after Byjus.
The proposed deal will also bring Unacademy under the unicorn club of India with a valuation of $1.2 billion.
Tech billionaires Jack Ma and Masayoshi Son have parted ways after 15 years with Son exiting Ma’s e-commerce platform Alibaba’s board.
Son said he was “graduating" from Alibaba in the same way Ma was graduating from SoftBank. The two companies have had a close relationship for 20 years.
The exit of Ma, co-founder of Ali Baba, could lead to further distancing of SoftBank from one of its largest portfolio companies
Japan's tech investment giant, SoftBank may pour in nearly USD 200 million in the merged entity and the deal might bring together two of the world's leading investors, Soft Bank and Ant Financial.
Walmart warned that it expects the deal to hit its fiscal 2019 earnings per share by 25 cents to 30 cents, if the deal closes as expected before the end of the second quarter.
Sources said all major investors in Flipkart, including SoftBank of Japan, are more or less on board with Walmart's purchase and the deal could be announced in the coming days.
SoftBank, through SoftBank Vision Fund, is in discussions with Flipkart to invest between USD 1.5-2 billion, according to industry sources.
Should the SoftBank fund grow as large as $100 billion, it would be one of the world's largest private equity investors and a potential kingpin in the technology sector.
In the earning statement for six months ending September 30, SoftBank wrote off 58.14 billion yen in the value of shares in its investments in India, which include firms that run Ola and Snapdeal.