Walmart to buy controlling stake in India's Flipkart for $16 bln

MUMBAI/NEW YORK (Reuters) - Walmart Inc will pay $16 billion for a roughly 77 percent stake in Indian e-commerce firm Flipkart, the U.S. retailer's largest-ever deal, in an attempt to compete with rival Amazon.com Inc in a key growth market.

from Reuters: Technology News https://ift.tt/2rBgq6P