Flipkart Ltd. signage is displayed outside the company’s headquarters in Bengaluru, India. (Photographer: Namas Bhojani/Bloomberg)

Walmart’s Flipkart Buy Is World’s Most Expensive Facelift, Says Aswath Damodaran

The Flipkart-Walmart deal is one of the most expensive facelifts in history, said Aswath Damodaran, professor of finance at NYU Stern School of Business.“Walmart invested in a company which is burn...

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