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By Acquiring Flipkart, Walmart Gets Access To The Indian Market — For A Premium

Shared by News Feed | 0 0 0 | about 9 days ago

In April 2017, Flipkart raised funds from Softbank, eBay, Tencent, and Microsoft to counter Amazon’s rapidly growing presence in India. On May 9, 2018, Walmart announced that it will jump into the fray, paying $16 billion to acquire 77% of Flipkart and finally get the chance to sell goods to Indian consumers. This deal gives […] …read more

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