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Walmart’s large Flipkart stake; Equifax breach, by the numbers; wing woes

Variety of the day

$16 billion

That’s how a lot Walmart is paying for a controlling stake in Flipkart, India’s on-line retailer recognized for its ubiquitous supply drivers on bikes with oversize backpacks. In its largest acquisition ever, Walmart is pushing not solely to have a considerable foothold in a rustic with 1.three billion folks, but additionally to shift towards the way forward for retail. That features its determination final month to promote its British unit, Asda, which primarily operated a series of conventional supermarkets.

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