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.

• About
• Latest Posts

JADIRI GAMER

Jadiri Gamer "THE MORE YOU KNOW" Gamers Entertaining Gamers
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)

• SUPER MEGA SPACE BLASTER SPECIAL TURBO BRINGS LOADS MORE SPACE BLASTING FUN TO NINTENDO SWITCH™ & PS4™ - October 23, 2019
• Foresight Games unveil ‘Project Haven’ - October 23, 2019
• British Esports Association publishes esports guide for parents - October 23, 2019