Walmart Buys Flipkart in World’s Largest e-Commerce Deal

US-based retail giant Walmart has confirmed that it will buy 77% stake in India’s largest e-commerce startup Flipkart for $16 billion. Walmart bought the stake in Flipkart for 16 billion dollars

The acquisition, which is the largest e-commerce deal in the world, will value the homegrown startup at a reported amount of $20.8 billion.
Source- The Livemint
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