Google parent Alphabet gets CCI's clearance to acquire stake in Flipkart

India's Competition Commission (CCI) has approved Google parent Alphabet's investment in Flipkart. Alphabet's Shoreline International Holdings will acquire a stake in the Walmart-owned e-commerce giant. The deal, part of a nearly $1 billion funding round, includes a $350 million investment from Google and values Flipkart at $35-36 billion.

from Times of India https://ift.tt/B6f8Fd9