Walmart finally closed the deal with Flipkart for USD 16 billion, after weeks of rumours and speculations, as it plans to take on rival Amazon in one of the fastest growing markets. The acquisition is Walmart’s biggest foreign investment ever and also one of the most successful exits by an Indian startup. The acquisition was first announced by investor Softbank’s CEO and founder Masayoshi Son followed by an official statement... Read More
Walmart is expected to announce its much-anticipated deal to acquire a majority stake in Indian e-commerce player Flipkart by the end of this week, despite reports that rival Amazon tried to disrupt the transaction. The global retail titan is said to purchase the 75% of Flipkart for about USD 15 billion according to various media reports. The deal will likely value the e-commerce platform at USD 20 billion. Walmart will... Read More
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