Flipkart Walmart Merger Reportedly Finalized: Will it benefit customers?
Flipkart is all set to be acquired by the US-based Walmart for $ 16 Billion. Moreover, Google-owned Alphabet is also planning to invest $ 3 billion. After the sale, Walmart will take a stake of over 73 percent of Flipkart. The sources revealed to us that both Flipkart and Walmart have signed agreements, which confirms the sale. There are few issues that need to be sorted out before the public announcement.
There are reports that the company had already paid $ 14.6 billion in the cash and stock buyout on May 3. For the last few days, rumors were floating on the web by stating that Walmart will acquire 40 percent, 51 percent. However, the home-grown board repor…