Walmart buys Flipkart for $16 billion, shifts battle with Amazon to India3 min read . Updated: 09 May 2018, 11:13 PM IST
US retail giant Walmart buys 77%in India's top e-commerce firm Flipkart , valuing it at $21 billion
Delhi/Bengaluru: Walmart Inc. has agreed to pay $16 billion for a 77% stake in Flipkart, valuing India’s largest start-up at about $21 billion in what is one of the biggest acquisitions in the country.
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