Home Business Walmart may announce Flipkart deal today, likely to acquire 70-75% stake

Walmart may announce Flipkart deal today, likely to acquire 70-75% stake

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Lucky Jain
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(G.N.S) Dt. 08 New Delhi Walmart is expected to buy 70-75 per cent stake in the homegrown e-tailer along with Google parent Alphabet for about $15 billion. Walmart will also likely invest $2 billion directly by infusing fresh equity in Flipkart. If things go to plan, the Bangalore-based company’s valuation

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