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May 9, 2018Walmart to buy controlling stake in India’s Flipkart for $16 bln
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MUMBAI/NEW YORK (Reuters) – Walmart Inc will pay $16 billion for a roughly 77 percent stake in Indian e-commerce firm Flipkart, the U.S. retailer’s largest-ever deal, in an attempt to compete with rival Amazon.com Inc in a key growth market.
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