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Walmart Buys 77% Stake In Flipkart For $16 Billion
Walmart values 11-year-old Flipkart at $20.8 billion Sachin Bansal, co-founder of Flipkart, will exit the company SoftBank will also exit the company by selling its 20% stake
09 May 2018, 06:53 PM IST 
Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company
US retailer Walmart Inc on Wednesday acquired a 77 per cent stake in Flipkart for about $16 billion in its biggest acquisition till date. The deal values the 11-year old Indian e-commerce firm at $20.8 billion. Bentonville, Arkansas-based Walmart will acquire about 77 per cent stake in Flipkart, Walmart said in a statement. Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company after the deal. Ja...
