Walmart completes $16 bn deal to buy Flipkart, invests $2 bn
American retail chain Walmart on Saturday announced it has completed the $16 billion deal to buy a 77% stake in e-commerce startup Flipkart. Walmart's investment includes $2 billion of new equity funding to help accelerate the growth of the Flipkart business, Walmart said. Flipkart's existing management team will continue to lead the business, the company added.