Deals
Masayoshi Son’s Flipkart Fail—and Other Bungled Deal Announcements
Masayoshi Son gestures while speaking during a news conference in Tokyo, on May 9.
Photographer: Noriko Hayashi/BloombergThis article is for subscribers only.
Masayoshi Son’s early reveal of a Walmart Inc. deal on Wednesday isn’t the first accidental M&A announcement. But it might be the biggest.
Softbank Group Corp.’s chief executive officer told a roomful of reporters and investors that the retailer had sealed a deal for Flipkart Group, hours before the $16 billion transaction was officially announced.