Walmart To Buy 73% of India's Flipkart For Up To $16B; Alphabet Might Put in $3B: FactorDaily (factordaily.com)

Here's an interesting development about to take place in India. From a report: Walmart Inc. has decided to go all in on its deal to acquire Flipkart in a deal sealed on Thursday to buy 73% of the Indian ecommerce company in one of the biggest mergers and acquisitions in the country -- spending at least $14.6 billion in the cash-and-stock buyout. One source said Flipkart was valued at $20 billion, while two others said Walmart, the world's largest retailer, had put the target company's value at as much as $22 billion, a price at which it will spend more than $16 billion. Alphabet Inc., the parent company of search giant Google, is said to be participating in the deal with a $3 billion investment. Kalyan Krishnamurthy will stay on as chief executive of Flipkart.

Comments

walmart.com is a terrible website

[FudRucker]

walmart.com has less than half the stuff amazon.com has and the website is terrible, if you select to shop for only items at your local store they dont omit the only only stuff, so if you want to see what is in the store before you get in the car and drive to the store it is pointless, i refuse to shop there anymore, because their website is such a screwed up kludge,