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The $16 Billion swoop of Flipkart by Walmart: All you need to know

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Business Standard

The $16 Billion swoop of Flipkart by Walmart: All you need to know

Walmart Inc has agreed to pay $16 billion for a roughly 77% stake in Indian online marketplace Flipkart. This is the U.S. retailer’s largest deal as it opens up another front to battle rival Amazon Inc in one of the world’s fledgling e-commerce markets.

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