RETAIL MEGA DEAL: Walmart agrees to buy majority stake in Indian retailer Flipkart in $16B deal

Walmart, the world's largest retailer, has agreed to buy a majority stake in Indian e-commerce giant Flipkart for $16 billion, as it battles Amazon in one of the largest and most competitive global marketplaces.

More on this story: https://fxn.ws/2jN4dHv

Check out more merger news: https://www.foxbusiness.com/category/mergers-and-acquisitions

For more news, please go to FoxBusiness.com and watch the FOX Business Network.

Manage Subscriptions | Unsubscribe | Contact Us

Privacy Policy | Terms of Use

©2017 Fox News Network, LLC. All Rights Reserved.
1211 Avenue of the Americas, New York, NY, 10036.