Shares of retail giant Walmart were in the red on Wednesday after the company announced that it would acquire about a 77% stake in Indian e-commerce company Flipkart. The remaining stake will be held by existing investors of the company, including its co-founder Binny Bansal as well as Tencent, Tiger Global, and Microsoft. This is … Continue reading “Walmart Tanks After it Announces Deal with Flipkart”
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