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

Japan is laughing all the way to the bank

[Anonymous Coward]

The Japanese company SoftBank, just made a purchase of a 30% of Flipkart last August (2017) for $2.5 Billion

Within 10 months, SoftBank made an over 100% profit over that investment when it was sold to Walmart

Like jet.com?

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They plan to raise prices, slash what they carry, and then create their own line of boutique generics that are more expensive then name brand. It'll be a winner.