Current Affairs - Business - Discussion
Discussion Forum : Business - Latest Current Affairs (Q.No. 1212)
1212.
Which US Based company will acquire 77% stake in India's largest e-commerce Flipkart for $16 billion?
Answer: Option
Explanation:
US-based retail giant Walmart confirmed that it will buy 77% stake in India's largest e-commerce startup Flipkart for $16 billion. The acquisition, which is the largest e-commerce deal in the world, will value the homegrown startup at a reported amount of $20.8 billion. Notably, SoftBank CEO Masayoshi Son had announced the deal by mistake earlier in the day.
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