Flipkart, Walmart set to announce world’s biggest e-commerce deal

Flipkart, Walmart set to announce world’s biggest e-commerce deal

REUTERS/Abhishek N. Chinnappa

Walmart Inc. is set to announce the purchase of a majority stake in Flipkart in a deal that will value India’s largest online retailer at more than $21 billion, making it the world’s biggest ever e-commerce acquisition.

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