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Walmart said to acquire 73% of Flipkart valued at $16 billion, Alphabet might pitch in $3 billion

Reports and rumors about Walmart acquiring Flipkart go back to a couple of months where Walmart was said to acquire about 40% of Flipkart. A couple of weeks back, it is again reported that Walmart said to acquire 51% stake in Flipkart. Freshly we hear that Walmart might get hold of 73% of Flipkart valued at $16 billion. Walmart is said to have sealed the deal on May 3rd spending at least $14.6 billion in the cash-and-stock buyout. According to the report, one of the sources said that Flipkart...
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http://www.fonearena.com/blog/251432/walmart-acquire-flipkart-alphabet.html

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