We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?

Walmart Says It Has Finalized Purchase Of Jet.com

September 19, 2016: 12:00 AM EST
Wal-Mart Stores, Inc., said it has completed its acquisition of online retailer Jet.com, Inc., after the expiration of the federally mandated waiting period. Expected to help the retail giant accelerate its e-commerce expansion efforts, the purchase deal was valued at approximately $3 billion cash and $300 million in Walmart shares. As part of the deal, Jet.com founder and CEO Marc Lore joins Walmart as EVP and president and CEO of Walmart eCommerce in the US.
"Walmart Completes Acquisition of Jet.com, Inc.", Walmart, September 19, 2016, © Wal-Mart Stores, Inc.
Domains
E-TAIL360
Companies
Markets
Geographies
Worldwide
North America
United States of America
Categories
Companies, Organizations
Deals, M&A, JVs, Licensing
Market News
Press Release
Developed by Yuri Ingultsov Software Lab.