American retail giant Walmart today wrapped up the acquisition of Flipkart in the world’s largest ever ecommerce deal so far. Walmart paid $16 billion for around 77% stake in Bengaluru-based Flipkart. The deal is...
eBay to sell stake in Flipkart for about $1.1 billion, to relaunch eBay India
Online marketplace eBay has decided to end its strategic partnership with Flipkart and relaunch eBay India with a differentiated offer to focus on cross-border trade, said a company statement on Wednesday. eBay has...
Walmart likely to announce Flipkart deal before end of week – sources
Walmart (WMT.N) is likely to announce its much-anticipated deal to buy a controlling stake in Indian e-commerce player Flipkart before the end of this week, two sources said, in what is likely to be the U.S. retail...
Flipkart-Walmart deal: Big retail shrugs off impact of merger
The Walmart-Flipkart deal is one of the biggest in the retail sector in India. However, those in the business are not affected. According to incumbents Business Standard spoke to, the coming together of the two big...
Patanjali makes highest bid for broke Ruchi Soya
Baba Ramdev-led Patanjali Ayurved is said to have made the highest offer for the debt-ridden edible oil and soya foods maker Ruchi SoyaNSE 10.45 % Industries that is undergoing bankruptcy process, multiple sources...
Sainsbury to add Asda in $10 billion deal with Walmart
UK grocer J Sainsbury Plc plans to buy Walmart Inc.’s Asda in a 7.3 billion-pound ($10 billion) deal that would transform the country’s supermarket industry and leave the US retailer as the combined company’s biggest...
Sainsbury is said to consider buying Asda from Walmart
UK grocer J Sainsbury Plc is considering a purchase of rival Asda from Walmart Inc., in what could be a multibillion-pound deal creating Britain’s biggest supermarket operator, according to people familiar with the...
Supervalu to sell eight U.S. distribution centers after activist pressure
U.S. supermarket operator Supervalu Inc (SVU.N) said on Tuesday it would sell eight of its distribution centers to an undisclosed buyer for about $483 million following pressure from activist shareholders, sending its...
Bankrupt store chain Bon-Ton gets acquisition offer
Bon-Ton Stores Inc (BONTQ.PK) said on Monday it received an acquisition offer from an investor group, two months after the department store chain filed for bankruptcy protection. The investor group includes U.S. mall...
Mall owners Namdar, Washington Prime in bid to buy Bon-Ton: sources
U.S. mall owners Namdar Realty Group and Washington Prime Group Inc (WPG.N) are in talks to acquire U.S. department store operator Bon-Ton Stores Inc (BONTQ.PK) out of bankruptcy, people familiar with the matter said on...
Walmart is said to be in takeover talks with pharmacy startup PillPack
Walmart Inc. is in early talks about a deal for closely held PillPack, an online startup that could help grow the retail giant’s pharmacy offerings, according to people familiar with the situation. PillPack and Walmart...
SoftBank, Alibaba invest Rs2,900 crore in Paytm Mall
Online retail firm Paytm Mall has received a capital commitment of about Rs2,900 crore (about $450 million) from Japan’s Softbank Group Corp. and existing investor Alibaba Group Holding Ltd in a new round of funding...
