Walmart-Flipkart, the worst deal ever?

By betting big on an India and Flipkart whose losses are in excess of $1 billion annually, Walmart is setting itself up for huge writedowns

Trying to make sense of Wal Mart's international strategy has been akin to trying to solve a giant Rubik's Cube where the colours move according to the whims of a prankster’s bidding. In the past few months alone, the two buyout firms bidding for Walmart's 540 stores in Brazil discovered a huge tax liability in the company’s local business while doing their pre-acquisition due diligence. The amount? In excess of $3 billion, according to a Reuters expose, the result of hefty back taxes in two different provinces in that country. While it's true that Brazil might finish a close second