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Tag: flipkart
Walmart challenges Amazon with $16bn Flipkart deal
2018-05-09 19:10:11| BBC News | Business | UK Edition
Walmart will pay $16bn to take control of the Indian e-commerce giant Flipkart. Not bad for a company founded just over a decade ago.
Tags: deal
amazon
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Walmart wins bidding for Flipkart, to buy 77% for USD 16 billion
2018-05-09 13:53:00| Telecompaper Headlines
(Telecompaper) Walmart has won the bidding to acquire Indian e-commerce platform Flipkart, beating Amazon to the deal. The US company will pay USD 16 billion to acquire a 77 percent stake in Flipkart from shareholders such as Softbank. Flipkart's founders as well as Tencent, Tiger Global and Microsoft will continue to hold minority stakes. Walmart said it will build out the Indian platform in the near term, ahead of an eventual IPO for Flipkart.
Walmart wins battle for India's Flipkart
2018-05-09 13:09:37| BBC News | Business | UK Edition
The US giant is paying about $16bn for a 77% stake in India's biggest online retailer.
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Walmart expected to announce deal to buy India's Flipkart
2018-05-07 22:56:55| BBC News | Business | UK Edition
The US grocery giant is expected to announce a deal to buy the Indian e-commerce firm later this week.
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Amazon and Walmart may battle for India's Flipkart
2018-05-02 17:05:25| BBC News | Business | UK Edition
America's two retail giants are reportedly vying for a stake in the Indian e-commerce company.
Tags: amazon
battle
walmart
indias