Walmart to pay $16 billion for control of India's Flipkart, shares slide - Newsdundon

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    Thursday, May 10, 2018

    Home Top news Walmart to pay $16 billion for control of India's Flipkart, shares slide

    Walmart to pay $16 billion for control of India's Flipkart, shares slide

    NEW YORK/MUMBAI (Reuters) - Walmart Inc said on Wednesday it will pay $16 billion for a roughly 77 percent stake in Indian e-commerce firm Flipkart, the U.S. retailer's largest-ever deal as it competes with Amazon.com Inc in an important growth market.


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