By Hema Parmar Walmart Inc. paid $1.4 billion to buy Tiger Global Management’s remaining stake in Flipkart, boosting its bet on the Indian retailer and helping the money manager provide distributions to investors at a time when accessing liquidity is tough. The transaction, which took place in recent days, valued… Continue reading Walmart buys Tiger Global’s stake in e-com giant Flipkart for $1.4 billion
Tag: Globals
Walmart buys out $1.4 billion hedge fund Tiger Global’s stake in Flipkart
Walmart has paid $1.4 billion to buy out hedge fund Tiger Global’s investment in e-commerce firm Flipkart, the Wall Street Journal reported on Sunday, citing a letter by the hedge-fund to its investors. The transaction brings the value of the e-commerce firm to $35 billion from nearly $38 billion after it sold its… Continue reading Walmart buys out $1.4 billion hedge fund Tiger Global’s stake in Flipkart