world’s largest ecommerce deal Walmart acquires Flipkart for 1000000000000 16 billion $$)
Walmart acquires Flipkart for $16 billion in world’s largest ecommerce deal Its official! Walmart buys Flipkart in world's largest ecommerce deal BENGALURU | NEW DELHI: US retail Watch video http://youtu.be/jfuH-M0uzQU giant Walmart Inc will pick up a 77% stake in India’s largest online retailer Flipkart for $16 billion, successfully concluding more than 20 months of talks, in what will be the country’s largest acquisition and the world’s biggest purchase of an ecommerce company. It will include $2 billion of fresh investment as Walmart looks to take on rival Amazon’s global expansion, pegging the value of Flipkart at $22 billion. The transaction will result in the largest exit for private equity and venture capital investors in India — they’re expected to collectively make about $14 billion by selling shares to Walmart. The transaction puts it ahead of the $14.6-billion Bharti-Indus Towers merger and the $12....
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