Today’s Deals – Confirmed: Walmart buys Jet.com for $3B in cash to fight Amazon

jet.com-alt Walmart today took its biggest step yet in its bid to compete against Amazon in the world of digital commerce: today the retail giant announced that it would be acquiring Jet.com — an online-only shopping site that has been live for a little over a year — for $3 billion in cash, plus up to $300 million in shares for the founders and others at the company. Jet.com will continue… Read More

from TechCrunch

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