CIO & LEADER-Issue-01-April 2018 (1)

Around The Tech
Flip the Cart
matter of
twitter
Walmart Inc. is close to finalizing a deal to buy a majority stake in
India’s leading e-commerce company for at least $12 billion and
may complete the agreement in the next two weeks, according to
people familiar with the matter.
All the major investors in Flipkart Online Services Pvt are now
on board with the Walmart purchase, after an earlier debate over
whether to sell to Amazon.com Inc., said the people, asking not to
be named because the matter is private. Tiger Global Management
will sell nearly all its 20% stake in Flipkart, while SoftBank Group
Corp. will sell a substantial part of its 20 percent-plus holding, the
people said. Walmart will likely end up with 60 percent to 80% of
Flipkart, which will be valued at about $20 billion, they said.
Among the issues that still need to be resolved are what happens
to Flipkart’s founders and who will lead Flipkart after the purchase,
they said. The amount each existing investor sells and the
size of Walmart’s final stake still need to be finalized, they said. It’s
also possible that terms will change or the talks will fall apart.
If completed, the deal would give Walmart a substantial foothold
in an emerging market.
Vital
Statistics
Is the GDPR
applicable
to you?
*Note –the responses to these questions should be
evaluated based on the facts and circumstances in
your organization and discussed with legal counsel.
Three key questions to assessment applicability
1
Are you or your service providers
a processor or controller located
in the EU (e.g., do I have an
affiliate organization in the EU)?*
Yes
Yes
GDPR applies
Yes
No
2 Are you or your service providers a
processor or controller that offers
goods or services in the EU (e.g., do I
offer payment services in England)?*
No
Are you or your service providers
a processor or controller that
monitors behavior in the EU (e.g.,
am I a third party that monitors
credit card balances in France)?*
GDPR may apply
No, I do nothave any entities, subsidiaries or affiliate organizations residing within the EU.
No
No, I do nothave any business activities in the EU, including those of third parties.
No, I do notmonitor behavior or process data of anyone residing within the EU.
Questions to consider include (but are notlimited to):
• Do I have any plans or aspirations to do business in the EU in the future?
• Do I process data of EU citizens who reside in the US?
Source: E&Y’s GDPR: demanding new privacy rights and obligations
6 CIO&LEADER | April 2018