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.
