Walmart's record-setting Flipkart acquisition contained a hidden gem that could be worth up to $10 billion

Walmart purchased Flipkart in 2018 for $16 billion as a way to break into the growing Indian e-commerce market. It marked the biggest acquisition in the retailer's history. Flipkart is planning to spin off its digital payments platform, PhonePe Pvt Ltd., into a separate entity. The stand-alone company is exploring a $1 billion capital raise at a valuation that could reach $10 billion, according to a Bloomberg report. Visit the Markets Insider homepage for more stories.

Walmart purchased Flipkart in 2018 for $16 billion as a way to break into the growing Indian e-commerce market. It marked the biggest acquisition in the retailer's history. Flipkart is planning to spin off its digital payments platform, PhonePe Pvt Ltd., into a separate entity. The stand-alone company is exploring a $1 billion capital raise at a valuation that could reach $10 billion, according to a Bloomberg report. Visit the Markets Insider homepage for more stories.

Are you looking for a legit opportunity or a legit source of income you can be earning daily $1,000 it possible for you to stay at home while you have internet connection all you need is a smartphone/laptop? Are you interested to know more about this opportunity?

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The $10-billion surprise hiding inside Walmart’s acquisition of FlipkartA little-noticed digital payments subsidiary included in Walmart's purchase of India e-commerce giant Flipkart has a big upshot.
Source: latimes - 🏆 11. / 82 Read more »

Why Cisco's $2.6 billion acquisition of Acacia Communications is a brilliant strategic moveCisco's buy of Acacia is good for Cisco in every way. It's a little less clear why Acacia wanted to sell, but the trade war on China may be a factor.
Source: BusinessInsider - 🏆 729. / 51 Read more »