Home Business Walmart announces $16bn deal to acquire 77% stake in Flipkart

Walmart announces $16bn deal to acquire 77% stake in Flipkart

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Lucky Jain
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(G.N.S) Dt. 08 Bengaluru Walmart Inc. on Wednesday announced its high profile acquisition of Flipkart for $16 billion for a valuation of over $20 billion, making it the largest ecommerce acquisition in the world. The Bentonville company has acquired 77% of the Bengaluru-based company, as per sources. Walmart will pay

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