Walmart Acquires Remaining Shares of Flipkart from Tiger Global for $1.4 Billion
US-based retail giant Walmart has completed the acquisition of the remaining shares of India?s leading ecommerce platform, Flipkart, from investor Tiger Global for a reported sum of $1.4 billion. The news broke on Monday, and the transaction is said to value Flipkart at $35 billion, a slight decrease from its previous valuation of about $38 billion in 2021 when it sold shares to SoftBank and other investors.
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