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SOFTBANK CONFIRMS WALMART-FLIPKART DEAL

SOFTBANK CONFIRMS WALMART-FLIPKART DEAL

Walmart has agreed to buy India’s leading online retailer Flipkart, paying $16 billion for a controlling stake of 77 percent. Flipkart gives Walmart access to a market it has been trying to crack for years. The Arkansas-based retailer has been restricted by local regulations to operating wholesale outlets in the world’s fastest growing economy. “India [...]

The post SOFTBANK CONFIRMS WALMART-FLIPKART DEAL appeared first on Payments Cards & Mobile.

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