What is Flipkart's plan 2.0 after merger with Walmart

Walmart Signs a New Deal with the Indian Flipkart Online Services

Walmart Signs a New Deal with the Indian Flipkart Online Services

Bentonville, Arkansas-based Walmart will acquire about a 60% stake in Flipkart, while Alphabet will get a roughly 15% stake for about United States dollars 3 billion, one of the sources revealed. The deal also required SoftBank Group to sell more than 20% of its shares to Walmart. Flipkart under the new order is likely to be listed as a Walmart subsidiary in India in 2019-20, similar to its model in Mexico.

Bentonville, Arkansas-based Walmart and its partner in the deal, Google parent Alphabet Inc, are looking to buy up to three quarters of Flipkart.

The proposed Walmart-Flipkart deal has a transaction structure that is similar to the one adopted in case of Vodafone's acquisition of Hutchison's stakes. The Walmart-Google combine will then enter into a straight bare knuckle fight with Amazon in India. It, along with other existing shareholders Tencent Holdings Ltd and Microsoft Corp, are expected to retain small stakes in Flipkart post the Walmart deal. The Flipkart buy may be one of the largest deals in the retail sector and the biggest in the e-commerce market. They include rebuilding online reputation and accessing 1.3 million customers Flipkart customers. A batch apart in the Indian Institute of Technology-Delhi, they became friends as colleagues in Amazon before starting Flipkart in Bengaluru as an online bookstore in 2007 before going on to become the country's preeminent ecommerce company.

Sources close to the deal told the Financial Times that Walmart boss Doug McMillon will head to India this week to announce the takeover.

Cynthia Nixon Releases 2017 Tax Returns, Sparking War Of Words With Cuomo
Cuomo does not own a home, but lives with his girlfriend, Food Network star Sandra Lee, who has a house in Westchester. Cuomo's aides have said the governor is referring to his upbringing in Queens before his father, Mario M.

Amazon boss Jeff Bezos has committed $5 billion to grabbing a big slice of India's e-commerce pie after failing to make inroads in China.

SoftBank, which according to sources preferred a deal with Amazon, will exit completely. Leaving Snapdeal and ShopClues far behind, Amazon has emerged as only strong competition to the local giant.

The deal follows in the footsteps of another worldwide move made by Walmart, combining its wholly-owned United Kingdom retail subsidiary Asda with J Sainsbury plc, creating a leading grocer in the UK. The initiative was to enable the company keep forty-two percent share in the new company.

Flipkart at first sold books, later expanding to sell music, movies, games, electronics and mobiles, the category that has driven growth.

Recommended News

  • Trump signals cooperative approach with Mueller is fading

    Trump signals cooperative approach with Mueller is fading

    We know first-hand that censorship against conservative news is real. But Mueller could not have barred them from serving on the team. How about Obstruction for a made up, phony crime.
    Johnny Manziel releases statement following his hospitalization

    Johnny Manziel releases statement following his hospitalization

    Former NFL quarterback Johnny Manziel was hospitalized in Texas on Monday night according to a new report from TMZ . Manziel's representative, Denise Michaels, told TMZ Sports the quarterback is "fine".
    Wenger Advises Next Arsenal Boss What To Do To Win Title

    Wenger Advises Next Arsenal Boss What To Do To Win Title

    Arsenal have endured a hard season, and are set to finish sixth, meaning they will miss out on Champions League qualification. The Gunners are confident of naming his successor before the World Cup starts on 14 June.
  • Rodney Hood refused to enter the floor in Game 4

    Rodney Hood refused to enter the floor in Game 4

    It was a great opportunity for a struggling youngster to try to find his rhythm without any pressure before the next series. In the first three games of the series, Hood scored a combined total of two points on 1-of-9 shooting over 39 minutes.
    NK summit plans set; USA  troop drawdown not on table

    NK summit plans set; USA troop drawdown not on table

    "The primary topics will be Trade, where good things will happen, and North Korea , where relationships and trust are building". Asked whether Pompeo would return with the three American prisoners now held in North Korea, Trump played coy.
    Taylor Swift Opens Up 'Reputation Tour' Dress Rehearsal, Visits Fan In Hospital

    Taylor Swift Opens Up 'Reputation Tour' Dress Rehearsal, Visits Fan In Hospital

    The girls family made a video asking Swift to visit Isabella since she couldnt leave the hospital in time for the show. She said she had to meet her because she was so inspired by her story and honored that her music helped her'.
  • ICICI Bank board meet today, Chanda Kochhar issue may come up

    ICICI Bank board meet today, Chanda Kochhar issue may come up

    The bank managed to report a profit despite an additional Rs 15,737 crore loans slipping into the non-performing category. A pedestrian walks past a logo of ICICI Bank at its headquarters in Mumbai January 30, 2015.
    NBC's Bash: Haspel Not Withdrawing Nomination as CIA Director

    NBC's Bash: Haspel Not Withdrawing Nomination as CIA Director

    The 33-year-old veteran of the force served most of her career nearly entirely undercover and much of her record is classified. After her offer to withdraw, White House aides worked to reassure her that she had the president's support.
    Kentucky Derby Odds 5/5/18 Who Do Oddsmakers Favor?

    Kentucky Derby Odds 5/5/18 Who Do Oddsmakers Favor?

    Kentucky Derby day off to drizzly start - againAP Photo DBY108, DBY119, DBY109, DBY106, GFX6450Eds: Updates with weather item. Always Dreaming won last year's Kentucky Derby, but he failed to capture the Triple Crown title after losing at the Preakness.
  • Harshvardhan Kapoor - Mush Alert, Sonam And Anand Are Married

    Harshvardhan Kapoor - Mush Alert, Sonam And Anand Are Married

    At the ceremony, cousins Arjun and Ranveer Singh sang a hip hop version of Sonam's chartbuster "Masakali" from "Delhi 6". Just after their wedding, the newlywed couple, Sonam and Anand , cut a lovely cake and we can not stop gushing about it.
    Apple replacing iPhone X with Face ID issues

    Apple replacing iPhone X with Face ID issues

    Further, if it fails in this test, the employee has to eventually replace the whole unit with a new device for the consumer. But when I try to setup Face ID it says, " Face ID is not available try again later", user posted on his Reddit account.
    United Kingdom  hospitals are like a war zone for stabbing wounds, says Trump

    United Kingdom hospitals are like a war zone for stabbing wounds, says Trump

    He told the Today programme: 'Some of my military colleagues have described their practice here as similar to being at Bastion'. This means the city has a higher murder rate than NY , which had 21 deaths in comparison, where handguns are legal.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.