Walmart to pay $16 billion for control of India's Flipkart, shares slide

NEW YORK/MUMBAI (Reuters) – Walmart Inc said on Wednesday it will pay $16 billion for a roughly 77 percent stake in Indian e-commerce firm Flipkart in its largest-ever deal, an effort to compete with Amazon.com Inc in an important growth market.

Walmart to pay $16 billion for control of India's Flipkart, shares slide Walmart to pay $16 billion for control of India's Flipkart, shares slide Walmart to pay $16 billion for control of India's Flipkart, shares slide

Walmart to pay  billion for control of India's Flipkart, shares slide
READ Walmart to pay billion for control of India's Flipkart, shares slide On Reuters

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