Flipkart's stake acquisition 'credit positive' for Walmart: Moody's
On May 9, Walmart Inc said it is buying a 77 percent stake in Indian e-commerce retailer Flipkart for about USD 16 billion, but it is yet to disclose financing plans.
May 14, 2018, 15:43 PM IST
SoftBank undecided on exiting Flipkart
Walmart had on Wednesday announced that it will pay about USD 16 billion to buy 77 percent stake in Flipkart.
May 11, 2018, 12:19 PM IST
Walmart to open 50 new stores in India in 4-5 years
Flipkart gives Walmart an online presence.
May 10, 2018, 12:50 PM IST
Flipkart co-founder Sachin Bansal quits after Walmart deal, writes emotional post on Facebook
Sachin had once categorically said in an interview that he will never sell Flipkart.
May 10, 2018, 10:34 AM IST
Walmart CEO addresses Flipkart staff; says deal among best decisions
In the biggest M&A deal in the booming e-commerce sector, Walmart announced buying 77 percent stake in Flipkart for about USD 16 billion (Rs 1.05 lakh crore).
May 10, 2018, 10:07 AM IST
Walmart shares tumble over 4%; m-cap falls nearly $10 bn
The deal values Flipkart at USD 20.8 billion.
May 10, 2018, 10:06 AM IST
Sachin, Binny journey: From Kart to Mart
After working for e-c0mmerce giant Amazon, the two friends set up Flipkart.
May 10, 2018, 10:05 AM IST
eBay to sell stake in Flipkart for about USD 1.1 billion; to relaunch eBay India
Only last year, Flipkart group raised USD 1.4 billion from global technology majors eBay, Tencent and Microsoft.
May 10, 2018, 10:02 AM IST
Traders oppose Walmart-Flipkart deal, industry gives thumbs up
The Confederation of All India Traders (CAIT) said the deal is nothing but a clear attempt to control and dominate the retail trade in India by Walmart through e-commerce in the long run.
May 10, 2018, 10:01 AM IST
Walmart buys controlling stake in Flipkart for $16 billion
Sachin Bansal, who had co-founded Flipkart with Binny Bansal 11 years ago, will make his exit from the company by selling his entire stake (over 5 percent) to Walmart.
May 09, 2018, 16:40 PM IST
Walmart reaches final agreement with Flipkart, official announcement expected soon
Walmart will likely end up with upto 80 percent of Flipkart, valuing the company at about USD 20 billion.
May 09, 2018, 15:20 PM IST
'Flipkart founders may be liable for 20% capital gains tax after stake sale to Walmart'
The Indian e-commerce major is in discussions to sell majority holding to Walmart and an announcement to this effect is likely to be made soon.
May 09, 2018, 09:56 AM IST
Walmart to announce Flipkart deal today: 10 major developments
Walmart will likely end up with upto 80 percent of Flipkart, valuing the company at about USD 20 billion.
May 09, 2018, 09:46 AM IST
Walmart likely to announce Flipkart deal before end of week
Walmart and Google parent Alphabet Inc will buy up to 75 percent of Flipkart, the two sources familiar with the matter said, declining to be named as the talks are private.
May 08, 2018, 10:02 AM IST
Sellers on Flipkart jittery ahead of deal with Walmart: AIOVA
These sellers are demanding clarity on the way forward on the grounds that they too need to prepare their business plans accordingly, in light of the deal that is likely to value Flipkart at about USD 20 billion.
May 04, 2018, 17:36 PM IST
