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lg1 lg2 lg3 SL Security Certificate - 256 Bit With Strong Encryption

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SoftBank has agreed to sell its entire stake in Flipkart to Walmart

24.05.2018 14:00:14

The Japanese telecommunications media corporation SoftBank Group announced that it had agreed to sell its stake in the Indian Flipkart Group, the world's largest e-commerce company, to the American corporation Walmart. According to Dow Jones, this step put an end to the doubts of the head of the world's largest technology fund, Masayoshi Son, whether to sell a 21 percent stake owned by Vision Fund as part of the deal to take Flipkart under Walmart control for $16 billion. A representative of SoftBank confirmed that Son decided to sell the stake. Son told The Wall Street Journal that he plans a larger investment in Paytm's digital payment company, which also operates an online store.

Latest News

31.07.2020 14:00:27

ByteDance to list its China businesses in Hong Kong or Shanghai

On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...

31.07.2020 14:00:27

Caterpillar reports its second-quarter earnings

On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...

23.07.2020 14:00:30

Flipkart acquires Walmart Indian stores

Flipkart Ltd announced on Thursday that it acquired a 100% stake in Walmart India Pvt Ltd that operates local cash-and-carry business. The electronics retail company had also launched its new digital marketplace called Flipkart Wholesale. “With ...

13.07.2020 16:00:38

Alibaba's co-founder Jack Ma sells $8.2 billion shares, stake falls to 4.8%

Alibaba Group Holding Ltd's (BABA) co-founder Jack Ma sold $8.2 billion worth of shares, reducing his stake in the company over the past year from 6.2% to 4.8%. The Chinese e-commerce company released its annual report on Friday. The divestment ...

06.07.2020 13:01:17

Japan’s Fujitsu to shut down half of its offices in Japan

On Monday, Fujitsu Ltd. (6702.T) announced that it would halve its office space in Japan by March 2023 as it pushes for its 80,000 employees to work remotely amid the coronavirus outbreak. The IT solutions company said that its employees would ...

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