The U.S. retail giant is in talks to buy more than 40% of Indian e-commerce firm Flipkart, reports Reuters. Flipkart is currently valued around $12 billion, so the proposed take could cost Walmart north of $5 billion. If the deal finalizes, it would give both Flipkart and Walmart some much-needed muscle against Amazon and would also allow Walmart to more easily access the growing consumer base in India.
collections
NewsletterCurrent IssueRecommender
The apps, books, movies, music, TV shows, and art are inspiring our some of the most creative people in business this month
Strong Female Lead
The struggles and triumphs of prominent women in leadership positions
Productivity
Productivity tips and hacks
Platform Wars
The major tech ecosystems that battle for our attention and dollars
Tech Forecast
What’s next for hardware, software, and services
Most Innovative Companies
Our annual guide to the businesses that matter the most
Most Creative People
Leaders who are shaping the future of business in creative ways
World Changing Ideas
New workplaces, new food sources, new medicine--even an entirely new economic system
Innovation By Design
Celebrating the best ideas in business
FastCo.Works Studio
An award-winning team of journalists, designers, and videographers who tell brand stories through Fast Company's distinctive lens
Follow us:
