{"id":881139,"date":"2024-11-27T08:29:34","date_gmt":"2024-11-27T02:59:34","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=881139"},"modified":"2024-11-27T08:32:57","modified_gmt":"2024-11-27T03:02:57","slug":"competition-commission-approves-alphabets-stake-acquisition-in-walmart-owned-flipkart","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/11\/27\/competition-commission-approves-alphabets-stake-acquisition-in-walmart-owned-flipkart\/","title":{"rendered":"Competition commission approves Alphabet\u2019s stake acquisition in Walmart-owned Flipkart"},"content":{"rendered":"<p>The Competition Commission of India (CCI) has approved Alphabet subsidiary Shoreline International Holdings LLC\u2019s acquisition of a stake in Flipkart, a Walmart group firm. Shoreline International, a wholly-owned entity of Google\u2019s parent company Alphabet Inc., will invest in Flipkart by subscribing to its shares. <\/p>\n<p>The CCI stated that the deal includes an investment in Flipkart Pvt Ltd and an arrangement between an affiliate of Alphabet and Flipkart\u2019s subsidiary for specific service provisions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Competition Commission of India (CCI) has approved Alphabet subsidiary Shoreline International Holdings LLC\u2019s acquisition of a stake in Flipkart, a Walmart group firm. Shoreline International, a wholly-owned entity of Google\u2019s parent company Alphabet Inc., will invest in Flipkart by subscribing to its shares. The CCI stated that the deal includes an investment in Flipkart Pvt Ltd and an arrangement between an affiliate of Alphabet and Flipkart\u2019s subsidiary for specific service provisions.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-881139","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/881139","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=881139"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/881139\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=881139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=881139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=881139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}