Walmart buys Tiger Global's stake in Flipkart for $1.4 billion
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Walmart has acquired Tiger Global's $1.4 billion stake in Indian e-commerce firm Flipkart. The US retail giant had previously purchased a 72% stake in Flipkart for $16 billion in 2018 and plans to publicly list the company within four years. Accel and Tiger Global, two early backers of Flipkart, have been planning to sell their remaining stake in the company to Walmart.