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August 27, 2018 11:30 pm GMT

What I learned from Flipkart

Two weeks ago,Walmartconcluded its investments to acquire a majority stake in Flipkart. This is one of the largest transactions in e-commerce and in the internet space globally, with Walmart deployingUS$16billionto obtain an approximate 77% shareholdingat closing. As part of this transaction, my company,Naspers,exited fully, selling our11.18% stake for $2.2billion.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/yG1wb3z14ew/

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