Saturday, September 2, 2023

Filing: Walmart spent $3.5B in H1 2023 to buy Flipkart shares from Tiger Global and others, growing its Flipkart stake to ~80%, and resolve PhonePe liabilities (Manish Singh/TechCrunch)

Manish Singh / TechCrunch:
Filing: Walmart spent $3.5B in H1 2023 to buy Flipkart shares from Tiger Global and others, growing its Flipkart stake to ~80%, and resolve PhonePe liabilities  —  Walmart has spent $3.5 billion this year to acquire shares from certain Flipkart stakeholders and resolve liabilities …



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Samsung reports Q1 revenue up ~10% YoY to ~$53.4B and operating profit flat YoY at ~$4.5B, above ~$3.8B est., boosted by Galaxy S25 and legacy DRAM sales (Yoolim Lee/Bloomberg)

Yoolim Lee / Bloomberg : Samsung reports Q1 revenue up ~10% YoY to ~$53.4B and operating profit flat YoY at ~$4.5B, above ~$3.8B est., bo...