The Walmart acquisition of Flipkart is now complete. The US-based multinational retail corporation has bought 77 percent stake in the Indian e-commerce giant for a whopping $16 billion making it the largest acquisition yet for Walmart. The valuation of Flipkart as per the deal now stands at $20.8 billion. Japan’s Softbank which had a 20 percent stake in Flipkart will also exit the company by selling its entire stake while Sachin Bansal, who along with Binny Bansal co-founded the company, will exit the company after the deal. The deal is still subject to regulatory approval and will be finalised later this year.
- ContestHot DealsAsk DigitDevworxPick a collegeAbout UsContact Us