The deed is finally done.
After months of breathless whispers, carefully-leaked PR plants and incessant speculation, Walmart has formally announced that it is buying a majority stake in Flipkart in a $20 billion deal, ponying up $16 billion to acquire 77% of the company through a mixture of primary and secondary investments.
The first question that people seem to be asking is whether this is a good outcome for Flipkart.
Without a doubt.
It is not just a good but a glorious outcome for Flipkart.