Announced
Completed
Financials
Tags
online shopping
E-commerce
India
Private
Acquisition
Friendly
Single Bidder
Completed
Majority
Private Equity
Synopsis
Walmart, a multinational retail company, agreed to acquire Flipkart Online Services, an Indian e-commerce company, for $16bn. “Not only is [Flipkart] innovative [with the] problem-solving culture that they have, but they are doing some great work both in the AI space, how they are using data across their platforms but particularly in terms of the payment platform that they’ve created through PhonePe. All of those things we can learn from for the future and see how we can leverage those around the international markets and potentially into the US as well.” Judith McKenna, Walmart COO.
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