As we had long forecast, the higher central banks raise interest rates, the lower the Merger and Acquisition trend… which hit record highs at the height of the COVID War in 2021 when interest rates sank and governments pumped in countless trillions to artificially prop up sinking economies. 

And as we have continued to detail, it is important to understand that while M&A activity will continue to slow down as interest rates remain high, there will be more defaults and the worsening economic conditions will bring revenues of struggling companies down, making it cheaper for the “Bigs” to buy out those in economic distress. This in turn will continue to shrink the competitive landscape in many business sectors. 

WALMART BUYS TIGER GLOBAL’S SHARE OF FLIPKART FOR $1.4 BILLION

Private equity firm Tiger Global has sold its 4 percent of Flipkart, the Indian e-commerce company, to Walmart for $1.4 billion, Tiger told investors last week in a letter.

The sale values Flipkart at about $35 billion, down from $38 billion in 2021, Reuters noted.

Walmart bought 77 percent of Flipkart in 2018 for roughly $16 billion. Earlier this year, Tiger and venture capital firm Accel, both of which were early Flipkart investors, began talking with Walmart about taking their shares.