Name: Walmart Strikes Deal to Buy India’s Flipkart
Uploaded: 2018-05-09
Duration: 1 min 15 s
Description: It’s a $16 billion deal.

Walmart Strikes Deal to Buy India’s Flipkart

the CEO of Softbank Group Corp accidentally revealed that Walmart was set to buy control of flip CART online services. The problem was that WalMart was actually set to make the announcement hours later, according to The Wall Street Journal. On Wednesday, the retail giant confirmed plans to buy a 77% stake in Flip CART in a $16 billion dollar deal. Softbank Chief Executive Masayoshi Son referenced the acquisition in Tokyo in front of investors in journalists. On an investor call, he said, I think we announced it last night. If not, well, then that means I'm just spouting this out. In any case, it's been decided. Saw noted that Softbank's $2.5 billion investment in Flip CART will be worth around $4 billion if the deal goes through. Son later acknowledged that the flip cart Walmart deal hadn't been fully confirmed at the time, saying Japanese phrase that roughly translates to oops or that's not good. He added. What should I do? Well, I said it, I can't take it back, so that's it. Walmart and Amazon were battling it out to buy control of Softbank backflip cart India's leading e commerce player