• Walmart to buy controlling stake in India's Flipkart for $16 bln

    5 monthes ago - By Reuters

    MUMBAI/NEW YORK - Walmart Inc will pay $16 billion for a roughly 77 percent stake in Indian e-commerce firm Flipkart, the U.S. retailer's largest-ever deal, in an attempt to compete with rival Amazon.com Inc in a key growth market.
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  • Walmart says Flipkart is ‘a key center of learning' for its entire global business

    5 monthes ago - By Tech Crunch

    Walmart has opened up on the thinking behind its $15 billion majority investment in Flipkart , and perhaps the most interesting facet is that the retailer plans to export ideas from the Indian e-commerce firm to the rest of its global business, including the U.S..
    Walmart's decision to follow Amazon into India is a testament to huge potential growth in the market. Internet penetration is tipped to cross 500 million this year and a rising middle-class emerging, all of which led Walmart CEO Doug McMillon to describe the deal as “a unique opportunity in a market with significant long-term...
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  • Walmart is dropping after announcing it's taking a majority stake in Indian e-commerce giant Flipkart

    Walmart is dropping after announcing it's taking a majority stake in Indian e-commerce giant Flipkart

    5 monthes ago - By Business Insider

    Walmart shares are sliding Tuesday after the company announced it's purchasing a majority stake in Indian e-commerce giant Flipkart.
    Walmart will pay $16 billion for a 77% stake.
    An analyst warned in a recent note this could be a costly acquisition for Walmart.
    Watch Walmart trade in real time here.
    Walmart shares are dropping more than 4% in early trading Wednesday after the retailer said it will pay $16 billion for a 77% stake in Indian e-commerce giant Flipkart. The deal values Flipkart at $20 billion.
    Flipkart, which has often been compared to Amazon, is the leader in Indian e-commerce...
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  • Walmart is dropping after announcing it's taking a majority stake in Indian e-commerce giant Flipkart

    Walmart is dropping after announcing it's taking a majority stake in Indian e-commerce giant Flipkart

    5 monthes ago - By Business Insider

    Walmart shares are sliding Tuesday after the company announced it's purchasing a majority stake in Indian e-commerce giant Flipkart.
    Walmart will pay $16 billion for a 77% stake.
    An analyst warned in a recent note this could be a costly acquisition for Walmart.
    Watch Walmart trade in real time here.
    Walmart shares are dropping more than 4% in early trading Wednesday after the retailer said it will pay $16 billion for a 77% stake in Indian e-commerce giant Flipkart. The deal values Flipkart at $20 billion.
    Flipkart, which has often been compared to Amazon, is the leader in Indian e-commerce...
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  • EBay plans to relaunch eBay India after it makes $1.1B selling its Flipkart stake to Walmart

    5 monthes ago - By Tech Crunch

    Last year, eBay appeared to throw in the towel in India after it sold its business in the country to Flipkart and took a minority stake in the country's e-commerce leader. Now, eBay is making a u-turn.
    In the wake of Walmart's intention to buy a controlling stake in Flipkart for $16 billion , eBay has announced that it is among the investors that will be selling its stake in the business, in eBay's case for gross proceeds of $1.1 billion. And along with that, it said it plans to relaunch eBay India, focusing not on domestic sales as it had done previously, but on cross-border sales...
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  • Walmart's $16 Billion Flipkart Deal Just Created 2 New Billionaires

    5 monthes ago - By Fortune

    The world's wealthiest family has just bestowed billionaire status on two of India's most feted tech entrepreneurs.
    Walmart Inc., controlled by the Walton family, led a group that bought a 77 percent stake in Flipkart Online Services Pvt. The deal valued the Indian company at about $21 billion.
    Flipkart co-founders Binny and Sachin Bansal were both Amazon.com Inc. employees who quit to start their own e-commerce firm. Before the deal they each owned about 5 percent, according to a Bloomberg analysis of the company's annual return filed in Singapore. Sachin Bansal will sell his entire stake...
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  • After buying Flipkart, Walmart seeks allies to join its fight against Amazon in India

    5 monthes ago - By Tech Crunch

    The rumors are true: Walmart has bought a controlling stake in India's Flipkart. This isn't a straight-up acquisition, however, because, rather than going it alone, the U.S. retailer is enlisting strategic allies as it takes its fight to Amazon in a new region.
    Walmart has an existing offline retail business in India, but enter the online space puts it up against Amazon, which has made massive strides since entering India in 2012.
    That perhaps calls for something special, which is one reason why Walmart is buying just 77 percent of Flipkart and leaving space for others with expertise to...
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  • Vodafone challenges Deutsche Telekom with $21.8 billion Liberty deal

    5 monthes ago - By Reuters

    LONDON - Vodafone has agreed to pay $21.8 billion to buy Liberty Global's assets in Germany and eastern Europe to take the fight to rivals with a broader range of superfast cable TV, broadband and mobile services.
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  • Walmart rushes into India, paying $16B for stake in Flipkart

    5 monthes ago - By Chron

    BENTONVILLE, Ark. - Walmart is breaking into India's massive and growing consumer market, spending $16 billion for a controlling stake in the online retailer Flipkart, whose delivery drivers, with their motorcycles and oversized backpacks, have become ubiquitous across the nation of 1.3 billion people.
    Online sales in India have exploded in recent years, totaling $19.6 billion last year, according to a Forrester report. Those sales are expected to grow far larger in 2018. Both Walmart and Amazon have pushed hard to catch up to Flipkart and to be the first major U.S. retailer to establish a...
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  • Walmart Takes Control of India's Flipkart in E-Commerce Gamble

    5 monthes ago - By NY Times

    The $16 billion deal will put America's largest operator of physical retail stores in direct competition with Amazon in a promising but risky market.
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  • Walmart rushes into India, paying $16B for stake in Flipkart

    5 monthes ago - By Chron

    BENTONVILLE, Ark. - Walmart is paying $16 billion for a controlling stake in India's giant online retailer Flipkart, breaking into a fast-growing economy where it has struggled to establish a foothold.
    Online sales have exploded in India over the past couple years. Walmart and Amazon have been fighting hard to catch up to Flipkart. Its delivery drivers, with their motorcycles and oversized backpacks, have become ubiquitous across the nation of 1.3 billion people. Online sales totaled $19.6 billion in India in 2017, according to a Forrester report, and are expected to grow far larger in...
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  • Walmart to buy controlling stake in India's Flipkart for $16 billion

    5 monthes ago - By Reuters

    MUMBAI/NEW YORK - Walmart Inc has agreed to pay $16 billion for a roughly 77 percent stake in Indian online shopping site Flipkart, the U.S. retailer's biggest foreign investment as it battles rival Amazon.com Inc in one of the world's biggest emerging markets.
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  • Walmart confirms deal to acquire India's Flipkart at $20.8 billion valuation

    Walmart confirms deal to acquire India's Flipkart at $20.8 billion valuation

    5 monthes ago - By Venture Beat

    Ending months of rumors, Walmart announced a deal to buy e-commerce site Flipkart, giving the retailer a significant foothold in India while beating back a last-minute offer from Amazon. Walmart said it would pay $16 billion for an initial stake of approximately 77 percent in Flipkart, with the balance of the company owned by China's Tencent,...
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  • Walmart buys controlling stake in India's Flipkart for $16 billion

    5 monthes ago - By Reuters

    Walmart Inc has agreed to pay $16 billion for a roughly 77 percent stake in Indian online shopping site Flipkart, the U.S. retailer's biggest foreign investment ever as it battles rival Amazon.com Inc in one of the world's biggest emerging markets.
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  • Walmart is spending $16 billion for a 77 percent stake in India's online retailer Flipkart

    5 monthes ago - By Chron

    NEW YORK - Walmart is spending $16 billion for a 77 percent stake in India's online retailer Flipkart.
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  • Walmart confirms $16B Flipkart investment, giving it 77% in India's e-commerce leader

    5 monthes ago - By Tech Crunch

    Walmart, the world's largest retailer, has finally confirmed that it is making a $16 billion investment into Flipkart for a 77 percent share of the online retailer. Tencent, Tiger Global, Microsoft and Flipkart co-founder Binny Bansal will continue to be investors in the company with this deal. The investment values Flipkart at $20.8 billion.
    The deal will give Walmart a big step up in its business in Asia by helping it better tap the region's second-largest market after China, and one of the world's fastest-growing economies. It will also give it a big step up in its e-commerce ambitions...
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  • Walmart agrees $16 billion deal to buy a majority stake in India's Flipkart

    5 monthes ago - By CNBC

    Walmart said on Wednesday that it would acquire an initial stake of roughly 77 percent in Flipkart.
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