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Walmart wins bidding for Flipkart, to buy 77% for USD 16 billion
2018-05-09 13:53:00| Telecompaper Headlines
(Telecompaper) Walmart has won the bidding to acquire Indian e-commerce platform Flipkart, beating Amazon to the deal. The US company will pay USD 16 billion to acquire a 77 percent stake in Flipkart from shareholders such as Softbank. Flipkart's founders as well as Tencent, Tiger Global and Microsoft will continue to hold minority stakes. Walmart said it will build out the Indian platform in the near term, ahead of an eventual IPO for Flipkart.
Walmart expected to announce deal to buy India's Flipkart
2018-05-07 22:56:55| BBC News | Business | UK Edition
The US grocery giant is expected to announce a deal to buy the Indian e-commerce firm later this week.
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Walmart to buy Jet.com for $3.3bn
2016-08-08 16:29:15| BBC News | Business | UK Edition
Walmart announces plans to buy e-commerce site Jet.com for $3.3bn (2.5bn) in a move that could help boost its online retail sales.
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Buy Wal-Mart As A Hedge For Bear Market
2015-10-07 02:44:13| IT Services - Topix.net
Wal-Mart has yet to bottom. Its shares are down more than one-quarter from its yearly high while online retailer Amazon.com is up over 87 percent from its low.
How Walmart, ExxonMobil, and Coke Buy Latino Friends in Congress
2013-04-08 12:29:26| Beverages - Topix.net
Lobbyists and corporations that employ them can't give gifts to lawmakers-unless they funnel the money through a non-profit. In late February, some 70 guests arrived for dinner at a hotel near Washington, DC's Union Station.
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