At one point, ASDA in UK was the shining star of Walmart’s international business. The US-based retail giant in 1999 had paid $10.9 billion to buy Britain's ASDA, according to the Associated Press.
But with e-commerce on the rise, Walmart might cede control of ASDA to a competitor. Currently, ASDA is in talks with Sainsbury Plc for a potential merger, Bloomberg said. Walmart's $16 billion-acquisition for 77 percent stake in India's ecommerce portal Flipkart is now its largest etail deal.