: Walmart spends $1.4 billion to increase its stake in India’s Flipkart: report


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Walmart Inc. spent $1.4 billion in recent days to increase its stake in privately-held Indian e-commerce company Flipkart, the Wall Street Journal reported Sunday.

has bought out Tiger Global’s stake in Flipkart, according to the Journal, citing a letter from the New York hedge fund to its investors. The transaction reportedly valued Flipkart at about $35 billion, down a bit from its $38 billion valuation in 2021.

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Alexandra Williams
Alexandra Williams
Alexandra Williams is a writer and editor. Angeles. She writes about politics, art, and culture for LinkDaddy News.

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