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Which US Based company will acquire 77% stake in India's largest e-commerce Flipkart for $16 billion?
  • a)
    Amazon
  • b)
    Costco
  • c)
    Walmart
  • d)
    Kroger
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Which US Based company will acquire 77% stake in India's largest e...
US-based retail giant Walmart confirmed that it will buy 77% stake in India's largest e-commerce startup Flipkart for $16 billion. The acquisition, which is the largest e-commerce deal in the world, will value the homegrown startup at a reported amount of $20.8 billion. Notably, SoftBank CEO Masayoshi Son had announced the deal by mistake earlier in the day.
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Which US Based company will acquire 77% stake in India's largest e-commerce Flipkart for $16 billion?a)Amazonb)Costcoc)Walmartd)KrogerCorrect answer is option 'C'. Can you explain this answer?
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