Flipkart back to the company for approximately US$1.1 billion, and re-launch its own Indian operations. The company stated that "there is huge growth potential for e-commerce in India and significant opportunity for multiple players to succeed in India's diverse, domestic market." Softbank Group also sold its entire 20% stake to Walmart, without disclosing terms of the sale. The acquisition was completed on 18 August 2018. Walmart also provided US$2 billion in equity funding to the company. On 13 November 2018, Flipkart CEO Binny Bansal resigned, after facing an allegation of "serious personal misconduct". Walmart stated that "while the investigation did not
Tor Books Tor Books Tor Books is the primary imprint of Tom Doherty Associates, a publishing company based in New York City. It primarily publishes science fiction and fantasy titles, and publishes the online science fiction magazine "Tor.com". Tor was founded by Tom Doherty in 1980. "Tor" is a word from Old English meaning the peak of a rocky hill or mountain, as depicted in Tor's logo. Tor Books was sold to St. Martin's Press in 1987. Along with St. Martin's Press; Henry Holt; and Farrar, Straus and Giroux, it became part of the Holtzbrinck group, now part of Macmillan in the