Monday, August 8, 2016

Walmart Acquires Jet.com to Boost Online Sales, Fight Amazon

Last week's rumor came true on schedule. Walmart announced on Monday it would buy online retailer Jet.com for about $3 billion, the largest-ever deal for an e-commerce startup, as it pushes to revive its under-performing web business to compete with market leader Amazon. The Jet deal would be...

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from The Digital Reader

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