Walmart buys 77% stake in Flipkart: How did Twitter react?
What's the story
The cat is finally out of the bag - Walmart Inc. has announced its acquisition of India's leading e-commerce platform, Flipkart, for a whopping $16bn, taking 77% stake. This makes it the world's most expensive e-commerce acquisition, so far. A definitive agreement has been signed for Walmart's acquisition of 77% stake in Flipkart. As always, Twitter is excited, pensive and at its funny best.
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How did it start: Who let the dogs out?
An "Oops" moment immortalized in the world of deal making! Masayoshi Son @masason stole @Walmart's thunder by announcing WMT's massive @Flipkart stake buy, hours ahead of formal announcement by mistake https://t.co/QuuOAQ3y43 via @technology @business @pelstrom @pashakun pic.twitter.com/iQu12OuVJd
— Saritha Rai (@SarithaRai) May 9, 2018
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Now that deal is done, what will be the name?
Now that Walmart is buying Flipkart, what should its new name be?
— Ramesh Srivats (@rameshsrivats) May 9, 2018
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Binny Bansal said this. Why hasn't Sachin tweeted yet?
Delighted to welcome @Walmart as our long-term partners in @Flipkart. This is the dawn of a new era for India's #StartUp ecosystem. pic.twitter.com/0dWkgTdPoE
— binnybansal (@binnybansal) May 9, 2018
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And, thus spake the other legend
Sachin and Binny continue to make India proud with their audacious achievements ! Cheers to everyone at Flipkart. 🚀
— Vijay Shekhar (@vijayshekhar) May 9, 2018
Chapter 2 begins. https://t.co/iWkIbbz2Nn
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Some feel Amazon would emerge out as the winner
Walmart v/s Amazon
— Rajesh Sawhney (@rajeshsawhney) May 9, 2018
Despite Walmart’s gigantic presence in US, Amazon has over 70% marketshare of e-commerce in US
Walmart shareholders are paying USD 20B to buy Flipkart, No 2 e-commerce player in India.
Amazon built India play with only $3B so far
Future belongs to Amazon pic.twitter.com/nHFR2NqzFZ
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This one stole the show though
Can Walmart return the Flipkart within 30 days of purchase according to Flipkart's return policy? #FlipkartWalmartDeal
— Retarded Writer (@retardedwriter) May 9, 2018