Walmart Likely To Announce Flipkart Deal By This Week: Report
Walmart is likely to announce its much-anticipated deal to buy a controlling stake in e-commerce player Flipkart before the end of this week, two sources said, in what is likely to be the U.S. retail giant’s biggest acquisition of a business. Walmart and Google parent Alphabet Inc will buy up to 75 percent of Flipkart, the two sources familiar with the matter said, declining to be named as the talks are private. Bentonville, Arkansas-based Walmart will acquire a stake of about 60 percent in Flipkart, while Alphabet will get a…
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