Walmart Buys Flipkart For $16 Billion and loses $10 Billion Market Cap
US giant retailer Walmart Inc. on Wednesday acquired a 77 per cent stake in Flipkart. It is about $16 billion, the biggest acquisition till date. The deal values the 11-year old Indian e-commerce firm at $20.8 billion. Sachin Bansal, co-founder of Flipkart with Binny Bansal will exit the company after the deal. Japan’s SoftBank, an […]
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