Chain Store Age
In the largest acquisition in its history, Walmart has agreed to acquire India’s leading e-commerce retailer, Flipkart.
After weeks of speculation, Walmart said on Wednesday it has signed a
definitive agreement to buy an initial stake of approximately 77% in
Flipkart for $16 billion. The remainder of the business will be held by
some of Flipkart’s existing shareholders, including Microsoft, Tiger
Global Management, Tencent Holdings and Flipkart co-founder Binny
Bansal. . . . more