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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.

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Two Ontario Toyota plants to get $1.4 billion upgrade

2018-05-09 04:54:45| Canadian Plastics Headlines

The Cambridge, Ont. and Woodstock, Ont. factories will become Toyota's North American manufacturing hub for the RAV4. The post Two Ontario Toyota plants to get $1.4 billion upgrade appeared first on Canadian Plastics.

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Vodafone to acquire 18 billion of European assets from Liberty Global

2018-05-09 02:00:00| Total Telecom industry news

Vodafone is set to complete the €18 billion purchase of a string of strategic German and Eastern European assets from Liberty Global.  The deal will see Vodafone take possession of Liberty Global's German cabling firm Unitymedia and three smaller business units spread across Eastern Europe. …read more on TotalTele.com »

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Blackstone to Acquire Gramercy Property in $7.6 Billion Deal

2018-05-07 16:26:35| National Real Estate Investor

Affiliates of Blackstone Real Estate Partners VIII will pay $27.50 for each Gramercy share, according to a statement Monday.

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Global automotive plastics market to exceed $50 billion by 2024: report

2018-05-04 18:47:32| Canadian Plastics Headlines

The size of the North American automotive plastics market shows steady gains, the report from Global Market Insights Inc said, and is expected to exceed US$5 billion by 2024. The post Global automotive plastics market to exceed $50 billion by 2024: report appeared first on Canadian Plastics.

Tags: report market global automotive

 

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