PYMNTS.com May 20, 2022
Small deal – at least for a commerce/eCommerce giant with the deepest of deep pockets. At least in terms of the price tag.
But it could be a big step, and specifically Amazon’s and Walmart’s bids, to forge the connected economy.
Bloomberg has reported that Metropolis Healthcare Ltd., a diagnostics chain with a presence in India and Africa, is looking to raise more than $300 million through the sale of a minority stake in its operations.
In doing so, the company would also cement a relationship with a strategic partner — and in this case, Amazon and Walmart (through Flipkart) are reportedly in the running.
We note that discussions aren’t decisions and anything can happen. A...
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