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 Inc in an important growth market.

Powered by WPeMatico

Scroll to top