Google parent Alphabet gets CCI’s clearance to acquire stake in Flipkart, here’s what the order says
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.