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Walmart completes acquisition of 77% stake in Flipkart for __________.
  • a)
    $13-billion
  • b)
    $14-billion
  • c)
    $15-billion
  • d)
    $16-billion
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Walmart completes acquisition of 77% stake in Flipkart for __________....
Walmart and Flipkart announced the completion of the $16-billion deal. Walmart now holds 77 per cent stake in the Indian firm. Walmart will appoint five members to the eight-member board of Flipkartout of which 2 will be independent directors, Initially, Steuart Walton, Judith McKenna and Dirk Van den Berghe, regional CEO of Walmart Canada and Asia, will join the Flipkart board. $16 billion investment includes a $2 billion of new equity funding to help accelerate the growth of the Flipkart business.
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Walmart completes acquisition of 77% stake in Flipkart for __________.a)$13-billionb)$14-billionc)$15-billiond)$16-billionCorrect answer is option 'D'. Can you explain this answer?
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