{"id":881287,"date":"2024-11-27T08:59:49","date_gmt":"2024-11-27T03:29:49","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=881287"},"modified":"2024-11-27T09:04:58","modified_gmt":"2024-11-27T03:34:58","slug":"cci-approves-alphabet-arm-shoreline-int-to-acquire-stake-in-walmart-owned-flipkart","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/11\/27\/cci-approves-alphabet-arm-shoreline-int-to-acquire-stake-in-walmart-owned-flipkart\/","title":{"rendered":"CCI approves Alphabet arm Shoreline Int to acquire stake in Walmart-owned Flipkart"},"content":{"rendered":"<p>The Competition Commission on Tuesday granted approval to Alphabet\u2019s arm Shoreline International Holdings LLC to acquire a stake in Walmart group firm Flipkart. Shoreline International Holding is a wholly-owned subsidiary of Google\u2019s parent firm Alphabet Inc. It is a holding company and does not own or operate any Google products or services. <\/p>\n<p>&#8220;The proposed transaction comprises an investment through subscription of shares of Flipkart Pvt Ltd (Target) by Shoreline International Holdings LLC (Acquirer) and an arrangement between an affiliate of the acquirer and the target\u2019s subsidiary for the provision of certain services,&#8221; the regulator said in a release.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Competition Commission on Tuesday granted approval to Alphabet\u2019s arm Shoreline International Holdings LLC to acquire a stake in Walmart group firm Flipkart. Shoreline International Holding is a wholly-owned subsidiary of Google\u2019s parent firm Alphabet Inc. It is a holding company and does not own or operate any Google products or services. &#8220;The proposed transaction comprises an investment through subscription of shares of Flipkart Pvt Ltd (Target) by Shoreline International Holdings LLC (Acquirer) and an arrangement between an affiliate of the acquirer and the target\u2019s subsidiary for the provision of certain services,&#8221; the regulator said in a release.<\/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":[55,13,4],"tags":[],"class_list":["post-881287","post","type-post","status-publish","format-standard","hentry","category-it-2-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/881287","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=881287"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/881287\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=881287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=881287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=881287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}