10 Hottest Trending Topics in 2023

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  I'm writing blogs on blow trending topic. Artificial Intelligence and Machine Learning Artificial intelligence and machine learning are rapidly transforming our world and the way we live and work. These technologies are being used to automate many tasks, making our lives easier and more efficient. AI and ML are also being used to improve healthcare, enhance cybersecurity, and revolutionize the way we do business. 5G Technology 5G technology is set to change the way we use the internet and mobile devices. With faster speeds and lower latency, 5G will enable new technologies such as the Internet of Things, autonomous vehicles, and virtual and augmented reality. It will also bring new opportunities for businesses and individuals alike. Cybersecurity Cybersecurity is becoming a critical issue in today's world, with the increasing number of cyber-attacks and data breaches. Protecting sensitive information and ensuring the security of online systems is essential to prevent fraud an
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Walmart sells $16bn bonds to finance Flipkart acquisition.

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Walmart sells $16bn bonds to finance Flipkart acquisition.


If you thought it would be that easy for a multi-billion company like Walmart to acquire Flipkart, you underestimated the size of the $16 billion deal. It appears that Walmart bit more than it can chew.

The Arkansas-headquartered multinational retail corporation has sold $16 billion of bonds to help finance their Flipkart acquisition. Walmart has offered both fixed rate bonds and floating rate notes.

Last month, after a lot of media speculation, Walmart announced to acquire 77 per cent stake in Flipkart for a whopping $16 billion. The remainder of the business is held by some of Flipkart’s existing shareholders, including Flipkart co-founder Binny Bansal, Tencent Holdings Limited, Tiger Global Management LLC and Microsoft Corp.

Following the deal, the multinational retailer may invest $2-3 billion in Flipkart to take on other e-commerce players in India.

Walmart has been eyeing the Indian market and had been doing background preparation before finalising the deal. For instance, just a week before the announcement of the deal, Walmart sold a controlling stake of its British business, Asda, to a competitor for $10 billion.

The deal has increased the pressure on the company. The investment strategy of using borrowed money to increase the potential return of an investment, or leverage, will rise to about 2 times EBITDA. The debt will jump by more than $10 billion.

The new figures have also caused a change in behaviour of market analysts towards the company. S&P Global Ratings is planning to downgrade the company’s AA ratings due to its “aggressive global deal-making” as it tries to compete with Amazon.

While Moody’s Investors Service has been more positive and has applauded Walmart’s “historically flexible” financial policy.

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