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May 9, 2018 02:05 pm GMT

Walmart Confirms Flipkart Acquisition Valued At $16 Billion

Walmart on Wednesday confirmed several months’ worth of recent rumors regarding its Flipkart acquisition, having disclosed it reached a deal to acquire a 77-percent stake in India’s e-commerce giant for approximately $16 billion. The takeover, subject to regulatory approval, will provide Walmart with a massive footprint in one of the world’s fastest-growing online shopping markets […]

The post Walmart Confirms Flipkart Acquisition Valued At $16 Billion appeared first on AndroidHeadlines.com |.


Original Link: https://www.androidheadlines.com/2018/05/walmart-confirms-flipkart-acquisition-valued-at-16-billion.html

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