Walmart Inc. and Flipkart Group today announced that the acquisition transaction has now been completed making Walmart the largest shareholder in the Flipkart Group. Walmart back in May had announced that it is acquiring 77% stake in Flipkart for $16 billion. This partnership to leverage combined synergies, including market insights, retail expertise and local and global supply-chain knowledge. Continue reading “Walmart completes acquisition of 77% stake in Flipkart for $16 billion”
Putting an end to the rumors and reports, Walmart has officially confirmed that it has signed an agreement to acquire 77% stake in Flipkart for about $16 billion. The investment will help accelerate Flipkart’s customer-focused mission and traansform commerce in India through technology, at the same time boost Walmart’s commitment to sustained job creation and investment in India. Continue reading “Walmart to acquire 77% stake in Flipkart for $16 billion”
Reports and rumors about Walmart acquiring Flipkart go back to a couple of months where Walmart was said to acquire about 40% of Flipkart. A couple of weeks back, it is again reported that Walmart said to acquire 51% stake in Flipkart. Freshly we hear that Walmart might get hold of 73% of Flipkart valued at $16 billion. Continue reading “Walmart said to acquire 73% of Flipkart valued at $16 billion, Alphabet might pitch in $3 billion”
Back in February, it was reported that Walmart is likely to acquire more than 40% stake in Flipkart. However, now report from Reuters says that Walmart could seal a deal to buy a more than 51% stake in Flipkart as early as next week. Continue reading “Walmart said to acquire 51% stake in Flipkart next week”
Back in 2016 US retail giant, Walmart was in talks to invest up to whopping $1 billion Flipkart. Nothing ever happened on that, however, now according to new report from Reuters, Walmart is said to be in talks to acquire more than 40% of Flipkart. Continue reading “Walmart said to be in talks to acquire more than 40% of Flipkart”
US retail giant is reportedly in talks to invest up to whopping $1 billion in homegrown e-commerce player Flipkart, according to a latest report from Bloomberg.
We have heard plenty of rumors about the upcoming QWERTY Android Slider for Sprint USA. The handset just made an almost official appearance on the Walmart site. The site calls it the HTC EVO Shift sans the 4G but the branding on the device carries the 4G branding. Continue reading “HTC EVO Shift lands on Walmart”
T-Mobile recently announced that they will bring the T-Mobile HTC HD7 to their shelves on November 8th, which is one week away. As we know that HTC HD7 is a successor to the popular Windows Phone, HTC HD2. One of the America’s most popular shopping Continue reading “Wal-Mart now taking pre-orders for T-Mobile HTC HD7”