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Walmart to buy India's Flipkart for $16 bln

Wednesday, May 09, 2018 - 01:14

Walmart will pay $16 billion for a roughly 80 percent stake in Indian online marketplace Flipkart as it opens up another front to battle Amazon in one of the world's fledgling e-commerce markets. Aleksandra Michalska reports.

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Walmart will pay $16 billion for a roughly 80 percent stake in Indian online marketplace Flipkart as it opens up another front to battle Amazon in one of the world's fledgling e-commerce markets. Aleksandra Michalska reports.

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Walmart to buy India's Flipkart for $16 bln

Wednesday, May 09, 2018 - 01:14