New York Times |
Walmart Takes Control of India's Flipkart in E-Commerce Gamble
New York Times MUMBAI — Walmart said on Wednesday it reached a $16 billion deal to buy a majority stake in Flipkart, India's leading e-commerce platform, in a sizable bet on a vibrant but risky new market. The deal, struck 19 months after talks began, will plunge ... Walmart confirms $16B Flipkart investment, giving it 77% in India's e-commerce leader Walmart outfoxes Amazon to buy Indian e-commerce giant Walmart Buys Flipkart, India's Largest Ecommerce Retailer, Including Naspers' Stake |
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