;#Faculty News;# | HBR Blogs | 04
Why Wal-Mart Went Shopping in Africa
by Rajiv Lal
Wal-Mart, the world's biggest retailer, made a $4.6 billion (32 billion rand) offer on September 27th to acquire the South African retail chain, Massmart Holdings. If it goes through, the acquisition will represent the American retailer's biggest acquisition in an emerging market and the first by a global retail chain in South Africa.