Tag: Walmart
Flipkart’s $16 Billion Walmart Acquisition Gets CCI Approval
The Flipkart-Walmart acquisition was announced back in May this year, but it is only now that India’s antitrust regulator Competition Commission of India (CCI)...
Walmart to Introduce Its Own Streaming Service, Could Cost Less than $8/mo
When you talk about online media streaming, the biggest names have got to be Netflix or Amazon Prime. However, it seems like there could...
Walmart’s New Patent Raises Privacy Concerns For Employees and Shoppers
The United States Patent and Trademark Office (USPTO) has granted Walmart a patent on a surveillance technology called 'Listening to the Frontend' that could...
Binny Bansal Reveals The Real Reason For Sachin Bansal’s Exit From Flipkart
With Walmart's recent acquisition of a majority stake in Flipkart for a massive $16 billion, several of Flipkart's investors, including SoftBank and Accel Partners,...
Walmart Willing to Pay $2 Billion Withholding Tax Over Flipkart Deal
Now that Walmart’s acquisition of a majority stake in Flipkart is official, the US-based retail giant is ensuring all regulatory proceedings go smoothly without...
Walmart to Open Flipkart-Branded Stores in India, Focus on Groceries and PhonePe Payments
To help Flipkart maintain its lead over archrival Amazon, Walmart and the company's new board of directors has plans to introduce new services, including mortar-and-brick...
CAIT Alleges Walmart-Flipkart Deal Violates FDI Policies
The Confederation of All India Traders (CAIT) is threatening to put the brakes on the proposed $16 billion Walmart-Flipkart deal. The organization on Wednesday...
Flipkart Plans Amazon Prime Rival; Developing Regional Language Voice Assistant With Microsoft
Last week, Walmart acquired a majority stake in Flipkart's e-commerce business in the largest e-commerce acquisition ever. It also resulted in the brusque exit...
Co-founder Sachin Bansal Quits Flipkart Following Walmart Deal
With Walmart all set to buy a majority stake in India's home-grown e-commerce giant, Flipkart, the company's co-founder and current group chairman, Sachin Bansal,...
The Walmart-Flipkart Deal is Now Official
Last week, reports revealed that Flipkart's board had approved a $15 billion deal with US-based retail giant Walmart. As part of the deal, Walmart would...
Walmart to Infuse $2-3 Billion as Fresh Equity in Flipkart Following Deal
Flipkart's board recently approved a $15 billion deal with Walmart to sell close to 75% of the Bangalore-based company to the US retail giant....
Flipkart Board Approves $15 Billion Deal with Walmart for Close to 75% Stake
After months of negotiations and discussions, Flipkart's board has approved an agreement to sell close to 75% of the Indian e-commerce company to a...
Amazon Makes Formal Offer to Acquire 60% Stake in Flipkart
Amazon and Walmart have been at a bidding war to acquire a majority stake in domestic e-tailer Flipkart for quite a while. Although Walmart...
Co-founder Binny Bansal May Exit Flipkart In Walmart Deal
According to recent reports, US retail giant Walmart is all set to buy a controlling stake in India's home-grown e-commerce platform, Flipkart, possibly valuing...
Walmart Deal to Value Flipkart at $18 Billion; Could be Signed Next Week
According to multiple sources quoted by Reuters, Walmart has all but closed the deal to buy a controlling stake in Indian e-commerce giant, Flipkart,...
Amazon Tries to Disrupt Walmart Deal by Enticing Flipkart with Billions in Breakup Fees
The Indian e-commerce landscape, predicts Morgan Stanley, is projected to grow 1000% by 2026 and the prospect seems to be enticing Amazon so much...
Walmart in Advanced Talks to Invest $10-12B to Buy 51% of Flipkart
Flipkart is the biggest e-commerce player in India, and as is customary for domain leaders in a limited geographical region, acquisition and investment offers...
Walmart Bets on Smart Carts And Drone Assistants For The Future
As its arch-nemesis Amazon continues to shore up its patents stack to improve the user's shopping experience, Walmart is not sitting idle either. The...
