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KM Financial Solutions | UPDATE 3-Walmart to buy controlling stake in India’s Flipkart for $16 bln
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UPDATE 3-Walmart to buy controlling stake in India’s Flipkart for $16 bln

08 May UPDATE 3-Walmart to buy controlling stake in India’s Flipkart for $16 bln

Posted at 12:39h in News by
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MUMBAI/NEW YORK, May 9 (Reuters) – Walmart Inc
agreed to pay $16 billion for a roughly 77 percent stake in
Indian online marketplace Flipkart, the U.S. retailer’s largest
deal as it opens up another front to battle rival Amazon.com Inc
in one of the world’s fledgling e-commerce markets.

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