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The $16 Billion swoop of Flipkart by Walmart: All you need to know

The $16 Billion swoop of Flipkart by Walmart: All you need to know

Last Updated: May 12 2018 | 8:16 PM IST

Walmart Inc has agreed to pay $16 billion for a roughly 77% stake in Indian online marketplace Flipkart. This is the U.S. retailer’s largest deal as it opens up another front to battle rival Amazon Inc in one of the world’s fledgling e-commerce markets.