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'Oops': Walmart's biggest deal ever, announced by SoftBank's CEO

Masayoshi Son made the comment as he was underscoring the point that his investments are paying off

Walmar, Flipkart
Representative Image

This isn’t the way multibillion-dollar deals usually get announced. Hours before Walmart Inc. was scheduled to unveil the largest acquisition in its history, Masayoshi Son, chief executive officer of SoftBank Group Corp., spilled the beans to a roomful of investors and journalists in Tokyo. He confirmed that the US retailer has agreed to buy control of Flipkart Online Services Pvt, the leading Indian e-commerce player backed by SoftBank. “I think we announced it last night,” he said, during an investor call after his own company’s earnings. “If ...