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Walmart To Acquire Jet

$3 billion deal for e-commerce player popular with millennials.

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By: Christine Esposito

Editor-in-Chief

Wal-Mart Stores, Inc. is acquiring e-comm company Jet for approximately $3 billion in cash, a portion of which will be paid over time. Additionally, $300 million of Walmart shares will be paid over time as part of the transaction.   According to Walmart, the acquisition will build on and complement the significant foundation already in place to serve customers across the Walmart app, site and stores and position the company for even faster e-commerce growth in the future by expanding customer ...

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