Tech transactions team recruited from Weil last year leads for Hogan Lovells on major e-commerce deal
May 09, 2018 at 06:40 PM
1 minute read
The original version of this story was published on International/international
Lawyers from half a dozen large firms are advising on a $16bn deal that will see Walmart acquire a majority stake in Indian e-commerce giant Flipkart.
The transaction will see Walmart take a 77% stake in the Bengaluru-based company. The remainder of the online shopping company will be owned by its existing investors, including Microsoft, Flipkart co-founder Binny Bansal, Chinese conglomerate Tencent Holdings, and hedge fund Tiger Global Management.
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