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Walmart buying Jet.com for $3.3 billion to take on Amazon

Posted on by Greg
Walmart buying Jet.com for$3.3 billion to handle

Amazon Walmart (WMT )announced Monday that it has actually accepted purchase Jet.com, a much-hyped e-commerce site attempting to take on Amazon (AMZN, Tech30) directly, for $3 billion in cash, with another $300 million in stock started for great step. The deal might assist Walmart reinvigorate growth in its online shopping company, which has actually slowed in current quarters …

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See all stories on this topic Walmart Pursues Amazon at Jet Speed Walmart on Monday announced that it plans to acquire Jet.com, paying US$ 3 billion in cash and another $300 million worth of Walmart shares. A part of the cash and all of the shares will be paid gradually. With the acquisition, “Walmart.com will grow quicker, the seamless shopping experience we’re pursuing will occur quicker, and we’ll make it possible for th …
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“> See all stories on this topic Why Wal-Mart

Needs Jet.com to Handle Amazon Wal-Mart’s $ 3B purchase of Jet.com seems like a respectable thing for a fledgling startup that triggered premature obituaries as just recently as 7 months ago. Jet started with grand passions, hoping to usurp – or come really near to taking on – Amazon, but began to fade as Amazon users showed more devoted than strong discount rates might sway. The c.
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Greg

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