Flipkart clears $15B stake sale to Walmart
Flipkart clears $15B stake sale to Walmart. Seeing regulatory risk in a deal with Amazon, India's Flipkart has approved a 75% equity stake sale in the company to a group led by Walmart, Bloomberg reports. Closing of the approximately $15B deal is expected within 10 days. SoftBank will sell its 20%+ stake as part of the transaction, while Alphabet is likely to participate in the investment.
That would seal a Walmart triumph over Amazon.com., which has been trying to take control of Flipkart with a competing offer. If completed, the deal will give Walmart a leading position in the growing market of 1.3B people and a chance to rebuild its reputation online. Read more here.
Fandomfare Gaming Entertainment no.1 source in, Gaming news, Live Game Streaming , PC Gaming & related Events E3, Gamecon and more, eSports event news and releases gaming technologies.
Fandomfare Gaming Entertainment Video Games | Game Reviews | Game Streaming |Linux Distribution | more than 20-year online gaming and following the gaming industry\
Latest posts by JADIRI GAMER (see all)
- NEW GAMEPLAY TRAILER FOR IMMORTAL REALMS: VAMPIRE WARS - August 21, 2019
- Celebrate One Year of the Remastered Black Desert SEA with Special Anniversary Events - August 21, 2019
- MUSYNX Update v1.1.4 is now live on Nintendo Switch!. - August 21, 2019