In a recent deal a large stake of which one of the following e commerce companies was acquired by Wa...........

Indian Economic System Economy

In a recent deal, a large stake of which one of the following e-commerce companies was acquired by Walmart, an American multinational retailer?

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CAPF 2018 Paper-1

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ShopClues

Flipkart

Yepme

Snapdeal

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Explanation:

US retail giant Walmart Inc will pick up a 77% stake in India’s largest online retailer Flipkart for $16 billion, successfully concluding more than 20 months of talks, in what will be the country’s largest acquisition and the world’s biggest purchase of an ecommerce company. It will include $2 billion of fresh investment as Walmart looks to take on rival Amazon’s global expansion, pegging the value of Flipkart at $22 billion.