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