Walmart Seals The Deal With Flipkart For $16 Billion
PYMNTS
MAY 10, 2018
After much speculation – and a fair amount of “will they, won’t they” – it looks like the deal is done: Walmart will be the majority owner of Indian eCommerce up-and-comer Flipkart, with a 77 percent stake. It’s typical of a business like this that, as you scale up, you will have losses. What the Deal Will Mean. is known for. “As
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