This is what world's biggest e-commerce deal is all about
In the biggest deal in e-commerce space globally, retail giant Walmart picked up 77 per cent stake in Flipkart on Wednesday. Walmart is paying $16 million in a combination of secondary ($14 billion) and primary ($2 billion) transactions. The deal is yet to get regulatory approvals in India.
In the biggest deal in e-commerce space globally, retail giant Walmart picked up 77 per cent stake in Flipkart on Wednesday. Image source: Reuters