Jul 16, 2019-Tuesday

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Tuesday, Jul 16, 2019
news about Walmart
May 09, 2018 12:47
Ahead of its acquisition by US-based Walmart, a look at Flipkart’s journey from an online seller of books to India’s first billion dollar Indian e-commerce company read more
May 09, 2018 10:51
Walmart will buy roughly 70% of Flipkart; it will invest $2 billion in fresh capital and buy the rest from existing Flipkart investors read more
May 08, 2018 14:14
Flipkart will hold a townhall for employees on Friday, with Walmart CEO Doug McMillon likely to attend, one of the person familiar of the matter said. Other top Walmart executives will also be in India for the announcement, the other person added. read more
May 06, 2018 15:34
The traders’ body took a strong objection to the Walmart-Flipkart deal and demanded the government to form a regulatory authority for e-commerce and till the authority is formed, no such deal should be allowed read more
May 05, 2018 10:55
Walmart will buy at least 55% of Flipkart at a valuation of $20-21 billion, but the stake could end up being higher by the time the deal closes. read more
May 04, 2018 13:37
Google-parent Alphabet Inc. is likely to participate in the investment with Walmart, said a person familiar with the matter. A final close is expected within 10 days, though terms could still change and a deal isn’t certain. read more
May 04, 2018 10:41
The share buyback is a significant step towards Flipkart converting itself into a private company as per Singapore law, paving the way for its proposed sale to Walmart. read more
May 02, 2018 19:10
If Walmart was to acquire Flipkart, the deal is unlikely to change anything in the Indian e-commerce market; instead, it may create a bunch of challenges for Walmart. Walmart’s strength is offline, that’s what they should use to win read more
May 02, 2018 15:02
Amazon also offered Flipkart a breakup fee of $2 billion, according to CNBC-TV18. Amazon’s bid is likely to be on par with Walmart Inc’s bid for the Indian e-commerce company, the report added. read more
May 02, 2018 14:01
Walmart will buy at least 55% of Flipkart in a deal that will value the company at $20-21 billion,sources said. Walmart will get a majority of its stake by purchasing shares from existing Flipkart investors at a discount to the $20-21 billion tag. read more
May 01, 2018 11:16
An investment in Flipkart will demand a great deal of patience. The payoff -- if there even is one -- will almost certainly not be instantaneous. But at this point in its quest to conquer e-commerce, Walmart needs dramatic action, and the Flipkart deal... read more
Apr 30, 2018 18:20
Sainsbury’s and Asda have different cultures and appeal to different customers, with London-based Sainsbury’s strong in own-brand products, and Asda, headquartered in Leeds, northern England, focused on price read more
Apr 24, 2018 12:50
In buying Flipkart, Walmart would seek to redress missteps in China, where it initially bought an unprofitable, second-tier online marketplace, then exchanged it five years later for a stake in JD.com, the number-two player behind market leader Alibaba... read more
Apr 23, 2018 15:32
Flipkart’s board had seriously considered Walmart and Amazon as potential partners, but ultimately decided Walmart could close a deal more easily. read more
Apr 12, 2018 14:36
A deal with Flipkart would step up Walmart’s battle with Amazon.com for a bigger share of India’s fledgling e-commerce market, which Morgan Stanley estimates will be worth $200 billion in a decade read more