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walmart completes deal to acquire 77% stake in flipkart, to invest $2 bn




us-based retail giant walmart inc on saturday said it has completed the deal with flipkart and now holds 77 per cent stake in the indian e-commerce major.  besides, the bentonville giant's investment includes $2 billion of new equity funding to help accelerate the growth of the flipkart business. "...



amazon offers to buy 60% stake in flipkart, but walmart still ahead




american e-commerce major amazon has formally entered the battle for flipkart, a move that may slow down rival walmart’s effort to buy a controlling stake in the bengaluru-headquartered firm. sources indicated that amazon, which aggressively competes with flipkart in the india market, has put in a...



flipkart-walmart potential deal underpins gap in india's retail market




as the deal which could see us retail giant walmart investing as much as $10 billion for a majority stake in indian e-commerce major flipkart nears fruition, all eyes are focused on how walmart executes its online-to-offline plan in the country. considered to be a major proponent of the deal, walmar...



walmart buys 77 per cent stake in flipkart for $16 billion




us retail giant walmart has signed a definitive agreement to acquire a 77 per cent stake in india’s largest e-commerce marketplace flipkart with an investment of around $16 billion, making it the largest transaction in history of the online retail space globally.the deal, which wiped away $10 bill...



walmart set to acquire india's flipkart with 73% stake for $14.6 billion




walmart is gearing up to buy flipkart in a $14.6-$16 billion deal, according to a recent report.walmart would gain a 73% share in the company, and most of its initial investment is expected to go towards a grocery supply chain.alphabet inc. may be contributing $3 billion to the investment.walmart i...



google plans global e-commerce debut from india market




sundar pichai-led google is seriously evaluating getting into e-commerce and india could be the first stop, it is learnt. the launch could coincide with diwali later this year, a source said. the search giant, which was in talks to invest in flipkart after walmart’s $16-billion deal to buy 77 per ...



walmart completes acquisition of majority stake in flipkart for $16 bn




walmart, the world's largest retailer, has completed the acquisition of majority stake in india's leading e-commerce marketplace, flipkart. in a joint statement issued on saturday, walmart and flipkart announced the completion of the $16-billion deal that would see the us giant taking ownership of 7...



walmart, india's flipkart to announce e-commerce mega deal




us retail behemoth walmart is reportedly set to buy a majority stake in flipkart, india's biggest e-commerce companyus retail behemoth walmart is expected to announce wednesday that it is to buy a majority stake in india's largest e-commerce company flipkart for around $15 billion. walmart ceo doug ...



walmart-flipkart deal: i-t to seek share purchase pact to fix tax liability




the tax department will seek share purchase agreement from flipkart on the mega $16 billion buyout by us retail giant walmart to assess the tax liability and also to find out whether the gaar provisions can be invoked, an official said. the department currently is going through the section 9(1) of t...



after walmart deal, flipkart plans expansion into other categories




it took a $16-billion stake sale, a change in the top management, and an entry of the largest retail giant in the world for flipkart to alter its game plan. realising that just concentrating on smartphones and the assorted electronics segment would not give it repeat customers or high revenue number...



flipkart deal: taxman wants walmart to file for withholding tax in 15 days




the income tax department expects us-based retail giant walmart to file withholding tax certificates within a fortnight of closing its 77 per cent stake purchase in e-commerce major flipkart. this comes a day after the competition commission of india gave nod to the flipkart-walmart deal. "now that ...



walmart to invest several billion dollars for 20% stake in flipkart: report




walmart inc is in discussions to pay several billion dollars for as much as 20 percent of india e-commerce leader flipkart online services pvt, according to a person familiar with the matter. the world’s biggest retailer would invest in flipkart as part of a proposed deal that would increase the s...



flipkart pips tata, birla, ambani in value, but it's they who rule market




walmart’s decision to spend $16 billion to acquire 77 per cent stake in flipkart has focused attention on india’s top conglomerates, which are yet to build a meaningful presence in e-commerce despite being in the retail industry and years of investments. the deal values flipkart at around $20.8 ...



walmart kicks off mega bond deal to help finance flipkart acquisition




walmart inc. is selling bonds to help finance its acquisition in india’s biggest online seller, stuffing the us investment grade market with another jumbo deal just two days after the second-largest of the year. the company is offering fixed- and floating-rate bonds in as many as nine parts, accor...



flipkart board said to have okayed $15-bn deal to sell 75% stake to walmart




the board of flipkart online services pvt has approved an agreement to sell about 75 per cent of the company to a walmart inc.-led group for approximately $15 billion, according to people familiar with the matter, an enormous bet by the american retailer on international expansion. under the propose...



flipkart said to be leaning towards selling stake to walmart over amazon




walmart inc. looks likely to take the next round in the battle for india’s retail market over rival amazon.com inc.flipkart online services pvt, the country’s leading e-commerce company, is leaning toward selling a controlling stake to the bentonville, arkansas-based company walmart, rather than...



walmart, ebay fresh round of talks likely for $12 bn deal with flipkart




as flipkart waits to close its $12 billion stake sale to walmart, a fresh round of talks might happen between the us-based retail giant and global e-commerce giant ebay to figure out issues related to merchants. according to a recent article in recode, walmart might have to negotiate with ebay if it...



walmart expects to close 77% flipkart stake sale by the end of 2018




walmart, the us retail giant which signed an agreement in may this year to acquire 77 per cent stake in flipkart, expects to close the deal before the end of current calendar year. according to a regulatory filing with securities and exchange commission (sec), walmart said the ongoing operations of ...



softbank posts 60% gain on flipkart bet, sets aside $650 million stcg tax




masayoshi son-led japanese conglomerate softbank on monday showed a gain of ¥ 164.25 billion (around $1.48 billion) on its balance sheet owing to an increase in the fair value of its stake in flipkart, translating to 60 per cent return on its last year’s investment in the e-commerce firm. this co...



softbank dilly-dallies on flipkart stake sale after walmart acquisition




japan's softbank group corp has not yet decided to sell its 20-22 per cent stake in flipkart to us retailer walmart inc, sources with direct knowledge of the development said. softbank's masayoshi son will take a call in the next 7-10 days on whether to exit india's biggest online retailer or say in...



flipkart close to sealing $12-bn deal with walmart: pact in two weeks




walmart inc. is close to finalizing a deal to buy a majority stake in india’s leading e-commerce company for at least $12 billion and may complete the agreement in the next two weeks, according to people familiar with the matter. all the major investors in flipkart online services pvt are now on b...



trade regulator cci may suggest structural changes to flipkart-walmart deal




fair trade regulator cci might recommend structural changes to the proposed usd 16-billion walmart-flipkart deal to address possible competition concerns, according to officials. the competition commission of india (cci) might also take cues from a ruling in south africa with respect to walmart- mas...



after walmart deal, start-up ecosystem to cash in on flipkart millionaires




heard of the paypal mafia? these are the former employees and founders of the global payment giant who used the millions of dollars in wealth they created for themselves to start some of the most valuable companies in the world, such as tesla, linkedin, youtube and palantir technologies. this was in...



cci nod gets flipkart-walmart collaboration going in india, across globe




with the competition commission of india (cci) giving its nod to walmart acquiring 77 per cent stake in flipkart for $16 billion, the ball for collaborations between the us retail giant and the country's largest e-commerce player has begun rolling. prior to the announcement of the deal, which happen...



traders protest walmart-flipkart deal, call for bharat bandh on sep 28




traders' body cait on monday said it has called a bharat bandh on september 28 to oppose us retail major walmart's acquisition of flipkart. cait secretary general praveen khandelwal said the deal has "violated press note no 3 of 2016 of government and is a combination with a sinister design to contr...