Walmart Planning to Spend About $7 Billion in Flipkart; To Become Largest Investor

Walmart Planning to Spend About $7 Billion in Flipkart

To become the biggest investor in India‚Äôs leading e-commerce company, Walmart Inc. is planning to pay out a whopping amount of $ 7 billion in Flipkart. In the online retail market, this move would ultimately raise a huge competition with Amazon.com. Arkansas based retail giant, The Bentonville has proposed to buy a third portion of Flipkart.com. People even said that it will purchase stocks from SoftBank Group Corp., and Tiger Global Management. The agreement may put the valuation of hometown group from $12 billion to about $20 billion. The meetings…

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