Financial News

Target Acquires Shipt In All-Cash Deal

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By: TOM BRANNA

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Target Corp. has agreed to acquire Shipt, Inc., an online same-day delivery platform, for $550 million in cash. Target will leverage its network of stores and Shipt’s proprietary technology platform and community of shoppers to quickly and efficiently bring same-day delivery to customers across the US. According to the company, the acquisition significantly accelerates Target’s digital fulfillment efforts, bringing same-day delivery services to guests at approximately half of Target stores ...

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