The Flipkart-Walmart acquisition deal is almost completed and only details are left to be finalized. Walmart CEO Doug Macmillan and other Walmart top executives are reportedly set to reach Indian soil shortly to officially announce the completion of the deal between the brick-and-mortar giant and the Indian e-commerce company.
However, while the deal met with some optimistic reaction from users and sellers, it does not make unanimous satisfaction in the country and has hit a few hurdles already with some people looking at the deal with skepticism.
Here, we have compiled the best tweets related to the acquisition deal :
1. Selling a business for $15 Bn is quite an achievement though…
Walmart to acquire Flipkart for $15b.
Most Indian #startups end up being sold #Business
— A.G.M.SWAMI (@agmswami) May 9, 2018
2. Flipkart is Ready for Its Big Billion Day Sale!
Big day for India’s digital economy as #Walmart gets set to buy over 70% in #Flipkart, valuing the Indian company at $20b (Rs 1.34 lakh crore). #Amazon prepares war chest to fight back pic.twitter.com/eLgXn1cXwM
— Minhaz Merchant (@MinhazMerchant) May 9, 2018
3. Well the deal made a few Indians billionaires… but ok i’m calming down
Calm down, guys…Flipkart being bought by Walmart is not the great indian success story…. Walmart being bought by Flipkart is…if at all it happened.
— Tinu Cherian Abraham (@tinucherian) May 4, 2018
4. At least Flipkart bore the Indian flag, who does now?
Flipkart will become Walmart today. For India as a country, the falling of Flipkart into foreign hands is a serious setback to Prime Minister Narendra Modi’s ‘Make in India’ dreams. The entire e-commerce battle is now America versus America
— ASHWANI MAHAJAN (@ashwani_mahajan) May 9, 2018
5. At least someone is congratulating the Flipkart founders.
iTWEET:The beauty of a successful #startup is that you first invest money, blood,sweat and tears to build a #Unicorn. And once you do, you sell, and become a Unicorn yourself! A la #SachinBansal & #Flipkart! Congrats! #India#Walmart#WalKart#FlipMart#ecommerce
— Harish Bijoor (@harishbijoor) May 8, 2018
6. Your product is out for Delivery, Please Call…..
Important mail:
Walmart : Your product ‘FLIPKART’ is been shipped
#WalmartFlipkartDeal#TrendingNews— Kavinkn (@Kavinkn1) May 9, 2018
7. Some are already anticipating the coming Amazon-Walmart battle!
Walmart v/s Amazon
Despite Walmart’s gigantic presence in US, Amazon has over 70% marketshare of e-commerce in US
Walmart shareholders are paying USD 20B to buy Flipkart, No 2 e-commerce player in India.
Amazon built India play with only $3B so far
Future belongs to Amazon pic.twitter.com/nHFR2NqzFZ
— Rajesh Sawhney (@rajeshsawhney) May 9, 2018
8. Mahajan’s contempt earned him a double feature in this article.
@amitabhk87 ji what are you doing sitting in @NITIAayog favouring and facilitating illegal, anti farmer, anti entrepreneur, anti people, anti exchequer Flipkart Walmart deal @RajivKumar1@narendramodi@AmitShah@arunjaitleypic.twitter.com/mLuqO4y8OE
— ASHWANI MAHAJAN (@ashwani_mahajan) May 9, 2018
9. Well Sachin Bansal will surely say otherwise… he actually became billionaire
Walmart acquiring Flipkart!! ?? one less $ billion Indian company in India ??
— Dinesh (@dinesh15dani) May 9, 2018
10. The deal is upsetting most users!
Govt must scrutinise Walmart-Flipkart deal @sureshpprabhu@CimGOI . It will distort Indian #ecommerce & #retailtrade. Regulatory Authority for ecom must & till such time a break on all such deals
— Praveen Khandelwal (@praveendel) May 7, 2018
Conclusion
As you can see, the majority of Indians oppose to the deal and are very skeptic as to why an Indian e-commerce platform, especially India’s first unicorn digital platform is willing to be sold to another American company. Imagine, Flipkart and Amazon own almost 80% of the e-commerce market share which will now fall in American hands. Does that mean that good news for India?