Exclusive: Walmart to announce Flipkart deal in May end
Walmart is in the “final leg” of talks with all the principal shareholders of Flipkart and has made a proposal to buy between 51% and 76% of the company.
The deal is billed as the US retail powerhouse’s biggest acquisition of an online company and its most ambitious attempt at taking on competitor Amazon outside the US.
Published Date: Apr 16th, 2018 06:44 PM | Updated Date: April 16, 2018 09:53 PM IST
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