Ending months of speculation, the world's largest retailer, Walmart Inc. (NYSE: WMT),announced it has acquired a 77% stake in India's biggest online retailer, Flipkart, for $16 billion. Gaining control of India's leading online seller was an important part of Walmart's strategy in the region, given that India has the world's second largest population at 1.
3 billion people.With Controlling Flipkart Stake, Walmart Gains Massive Opportunity in India
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