Walmart is looking to buy a huge stake in India’s Flipkart - Rickey J. White, Jr. | RJW™
19627
post-template-default,single,single-post,postid-19627,single-format-standard,ajax_fade,page_not_loaded,,qode-theme-ver-16.3,qode-theme-bridge,wpb-js-composer js-comp-ver-5.4.7,vc_responsive
 

Walmart is looking to buy a huge stake in India’s Flipkart

16 Feb Walmart is looking to buy a huge stake in India’s Flipkart

Posted at 05:50h in Popular Newsfeed by
0 Likes

The U.S. retail giant is in talks to buy more than 40% of Indian e-commerce firm Flipkart, reports Reuters. Flipkart is currently valued around $12 billion, so the proposed take could cost Walmart north of $5 billion. If the deal finalizes, it would give both Flipkart and Walmart some much-needed muscle against Amazon and would also allow Walmart to more easily access the growing consumer base in India.


Source: Fast Company

Tags:
No Comments

Sorry, the comment form is closed at this time.