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Market Chatter: Google Buys Minority Stake in Walmart-Backed Flipkart for $350 Million
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Market Chatter: Google Buys Minority Stake in Walmart-Backed Flipkart for $350 Million
May 24, 2024 7:54 AM

10:19 AM EDT, 05/24/2024 (MT Newswires) -- Alphabet's (GOOG) Google ( GOOG ) is purchasing a minority stake worth $350 million in Indian e-commerce company Flipkart, valuing the firm at $37 billion, Reuters reported Friday, citing a source with direct knowledge of the matter.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 176.24, Change: +1.18, Percent Change: +0.67

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