🍀Walmart to Invest in Flipkart Group, India’s Innovative eCommerce Company

🍀Walmart to Invest in Flipkart Group, India’s Innovative eCommerce Company

BENTONVILLE, Arkansas, BENGALURU, India, May 9, 2018 – Walmart Inc. (NYSE: WMT) announced it has signed definitive agreements to become the largest shareholder in Flipkart Group (“Flipkart”).

The investment will help accelerate Flipkart’s customer-focused mission to transform commerce in India through technology and underscores Walmart’s commitment to sustained job creation and investment in India, one of the largest and fastest-growing economies in the world.

https://news.walmart.com/2018/05/09/walmart-to-invest-in-flipkart-group-indias-innovative-ecommerce-company

Softbank chief exec Masayoshi Son confirms deal to sell stake in India’s Flipkart to Walmart – seattlepi.com

https://m.seattlepi.com/news/article/Softbank-chief-exec-Masayoshi-Son-confirms-deal-12899749.php

Walmart Delivers Big Blow against Amazon with Flipkart Takeover | SWFI – Sovereign Wealth Fund Institute

https://www.swfinstitute.org/swf-news/walmart-delivers-big-blow-against-amazon-with-flipkart-takeover/

Walmart buys 77 per cent stake in Flipkart for $16 billion

http://wap.business-standard.com/article-amp/companies/walmart-buys-77-per-cent-stake-of-flipkart-for-16-billion-118050900938_1.html