Walmart buys out Tiger Global's stake in Indian e-commerce firm Flipkart for $1.4b

Walmart buys out Tiger Global's stake in Indian e-commerce firm Flipkart for $1.4b

Photo: Reuters

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.