Thursday, October 18, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung Debuts 7nm LPP EUV, SmartSSD and 256GB 3DS RDIMM at Samsung Tech Day
How Google's Titan M Security Chip Works
Twitter Discloses Millions of State-backed Tweets and Accounts
Apple Releases Tool to Show You What Data it Has Collected
U.S. Broadcasters to Launch ATSC 3.0 TV In 2020
iPhone XR Available for pre-order on Friday
Facebook Sued Over Hiding Inflated Ad Metrics
Tesla Moves Closer to China With $2 billion Shanghai Gigafactory
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Walmart...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, May 09, 2018
Walmart Buys Flipkart to Compete With Amazon in India


U.S. retail giant Walmart on Wednesday said it will buy a 77% stake in India's largest e-commerce company Flipkart for $16 billion.

As part of the deal, Walmart will invest $2 billion in fresh capital into Flipkart and acquire the rest of the stake from existing investors. The deal values the whole company at $20.8 billion. Microsoft will join in as a key strategic and technology partner, Walmart said in a statment.

The deal is expected to put Walmart in a much better position to battle Amazon.

Flipkart Group has captured about 39.5% of the e-commerce market on a standalone basis in India, while Amazon India controlled around 31.5% in 2017, according to a Forrester Research report.

SoftBank Group, the largest shareholder in Flipkart, will receive $4.5 billion for the entire 20.8% stake it holds after agreeing to sell down on Tuesday night.


Previous
Next
Amazon Introduces Experience Centers to Promote Alexa Smart Home        All News        ZTE Winds Down U.S. Operations After U.S. Ban
Amazon Introduces Experience Centers to Promote Alexa Smart Home     General Computing News      ZTE Winds Down U.S. Operations After U.S. Ban

Get RSS feed Easy Print E-Mail this Message

Related News
Walmart to Use Microsoft's Cloud Tech
Walmart Launches Mobile Payment App
Walmart's Black Friday 2015 Deals
Walmart Launches Smartphone Trade-In Program
Wal-Mart and Apple Cut Price Of iPhone 5
American Express and Walmart Launch Bluebird Prepaid Card
Wal-Mart To Offer New Version Of Angry Birds
Walmart Releases UltraViolet Disc-to-Digital Service
Walmart To Invest In China e-commerce Firm
Walmart 's Customers Can Now "Like" the Stores They Love on Facebook
Walmart to Integrate VUDU
Walmart Acquires VUDU

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .