Walmart buys Flipkart in world’s largest e-commerce deal

US-based retail giant Walmart has closed the largest e-commerce deal in the world by acquiring a majority stake in the Indian e-commerce platform Flipkart, SoftBank CEO Masayoshi Son has confirmed. According to reports, Walmart will acquire 71% stake in Flipkart for $15 billion, valuing the homegrown startup at around $20 billion.

Leave a Reply