Walmart Acquires Remaining Stakes in Flipkart for $3.5Bn

  • Walmart purchases remaining Flipkart stakes from Accel Partners, Tiger Global, and Binny Bansal.
  • Flipkart paid $700 million to employees due to PhonePe separation.
  • Walmart now holds around 90% of Flipkart, following a $16 billion majority stake acquisition in 2018.
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