Walmart pays $3.5Bn to buy out existing Flipkart shareholders, increases stake to over 80%
In a strategic move, American retail giant Walmart revealed that it has spent a total of $3.5 billion over the first six months of this year in order to acquire additional stake in Flipkart from non-controlling stakeholders. This substantial investment includes the purchase of shares held by co-founder Binny Bansal, as well as investments by … [Read more…]