Walmart Inc. is selling bonds to help finance its acquisition in India’s biggest e-commerce firm Flipkart, stuffing the US investment grade market with another jumbo deal just two days after the second-largest of the...
Google to invest $550 million in Chinese e-commerce giant JD.com
Google will invest $550 million in Chinese e-commerce powerhouse JD.com, part of the U.S. internet giant’s efforts to expand its presence in fast-growing Asian markets and battle rivals including Amazon.com. The two...
Walmart expects to close 77% Flipkart stake sale by the end of 2018
Walmart, the US retail giant which signed an agreement in May this year to acquire 77 per cent stake in Flipkart, expects to close the deal before the end of current calendar year. According to a regulatory filing...
Domestic retail bodies seek Flipkart-Walmart deal probe
Domestic retail bodies that claim the Flipkart-Walmart deal represents a backdoor entry by multinational giants into India’s retail space, are now pushing for the Enforcement Directorate (ED) to initiate an official...
Softbank to sell ‘entire stake’ in Flipkart to Walmart for about $4 billion
Japan’s SoftBank has decided to sell its over 20 per cent stake in e-commerce major Flipkart to US retailer Walmart for an estimated $4 billion. “SoftBank confirms the sale of its entire stake in Flipkart to...
Adobe to buy Magento Commerce for $1.68 billion
Adobe Systems Inc said on Monday it would buy e-commerce services provider Magento Commerce from private equity firm Permira for $1.68 billion in cash, its biggest deal in nearly a decade. Shares of Adobe rose about 1...
Google still searching for an answer on Flipkart minority stake buy
Still considering the pros and cons of buying into the most-valued online marketplace in India, Alphabet Inc, the holding company that owns tech giant Google, has not yet decided on whether to acquire a minority stake...
Investors may force Walmart to bring Flipkart IPO within next four years
Walmart Inc, the world’s largest retailer, could be forced to publicly list its newly acquired Indian e-commerce company, Flipkart Group, within four years at the request of a small minority of Flipkart shareholders, a...
Walmart loses $10 billion market cap after Flipkart buyout
Walmart’s investors reacted negatively to the news of the retail giant’s buyout of Flipkart on Wednesday, as over $10 billion worth of Walmart’s market value was wiped away, as investors punished the stock in early...
Jack Ma’s Alibaba acquires Pakistan e-commerce retail firm Daraz
Chinese e-commerce giant Alibaba on Wednesday said that it had purchased leading Pakistani online retailer Daraz, continuing its overseas expansion by gaining a foothold in the growing South Asian consumer market. The...
Walmart buys 77 per cent stake in Flipkart for $16 billion
US retail giant Walmart has signed a definitive agreement to acquire a 77 per cent stake in India’s largest e-commerce marketplace Flipkart with an investment of around $16 billion, making it the largest transaction in...
Chinese fashion e-commerce firm Meili seeks $500 million in U.S. IPO – sources
Chinese fashion-focused e-commerce platform Meili Inc is seeking $500 million in an initial public offering targeted for the second half of this year, people with direct knowledge told Reuters. Meili, created through a...
